2,579 karma · joined April 9, 2010
dragonzawn -> gmail.com
Crisis? This assessment seems like FUD vs rationality. Twitter was on the verge of mass layoffs regardless if Elon bought it. In 2021, Twitter's annual net loss amounted to $221 million, a significant decrease from the previous year of -$1.4 billion.
I don't question the growing uncertainty of quality, but to think Twitter is in crisis seems more like media bias pushing a narrative.
> In December 2011, the Chinese government announced it would lift the country’s rural poverty line from 1,274 yuan per year in 2010 to 2,300 yuan, an increase of over 80 percent. This, once adjusted by the purchasing power parity of 2005, is equivalent to approximately US$1.80 per day, a threshold well above the US$1.25 used by the World Bank for international poverty comparisons.
Source: https://unu.edu/publications/articles/redefining-poverty-in-...
For comparison, if Toyota was as efficient as Tesla they would've posted 2022 Q3 profits of ~$24 billion, not $3.1B. Tesla achieved $3.9B from only 344k cars. Operational efficiency is their leverage.
Cars sold (2022 Q3)
Toyota: 2.6M (+5% y/y) Tesla: 344K (+42% y/y)
Operating profit excl. FX impact Toyota: $3.1B (-38% y/y) Tesla: $3.9B (+97% y/y)
Everyone who calls the hotline (per legal requirement) would be entered into the database. The hotline is in Texas, costs $175,000 to set up and $4.8 million to operate. Expected to be functional by 2023.
https://www.5newsonline.com/article/news/politics/arkansas-l...
It's inevitable that defi (programmable money) will replace tradfi. Stay focused on creating value. Ignore the noise.
Do you find it odd that all the stories coming out refer to this single Reuters statement?