Maybe I've just been working for tech companies in the Bay Area too long. But I don't want to work for a company where I don't have equity that I can cash out.
And now all those engineers are working for a company where equity doesn't exist? An exception could be a Netflix model where you make a buttload of money. But Twitter isn't that.
SpaceX has no public equities and has no problem attracting talent.
You guys are really thinking Musk is some bozos that have never done anything in his life. Its quite incredible. Last week 4 astronauts went to ISS on his rocket and the first stage landed, again. Tesla is still growing at close to 40/50% top and bottomline when all car companies are contracting, even FAANG.
Twitter is yet to be seen. But its quite incredible the dismissiveness around here. Making Twitter work is peanuts comparing to trying to get a car company and a space company (both industries where successful examples are much harder to find than social media companies. Even if we point fingers as Meta and Snap, they are profitable and not bankrupt like most car and space companies in history) to survive through the 2008 Financial crisis.
> SpaceX has no public equities and has no problem attracting talent.
I'm no Musk hater and interested to see where he takes Twitter. That said, SpaceX is at the forefront of space travel, and they want to put man on Mars. Twitter sells advertisements on the internet, with the lofty goal of selling some more ads.
I wonder if he needs to do this.
Maybe I've just been working for tech companies in the Bay Area too long. But I don't want to work for a company where I don't have equity that I can cash out.
And now all those engineers are working for a company where equity doesn't exist? An exception could be a Netflix model where you make a buttload of money. But Twitter isn't that.