Advertisement

Drudge Retort: The Other Side of the News
Saturday, November 05, 2022

Twitter is facing a class action lawsuit from former employees who say they were not given enough notice under US federal law that they had lost their jobs, finding out they had been let go when they were locked out of their work accounts on Thursday.

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

I didn't know notice was required but Musk seems to have straight up lied about his plans. Honestly what Twitter needs is a good old fashioned strike. He can't let everyone go...

#1 | Posted by GalaxiePete at 2022-11-04 11:10 AM | Reply

@#1 ... his plans ...

His plans?

You think he had plans going into his Twitter debacle?

#2 | Posted by LampLighter at 2022-11-04 11:13 AM | Reply

He is a billionaire.

His "plan" is to muck with the hoi polloi.

And that appears to be working but it also looks like it will be a very expensive indulgence.

#3 | Posted by donnerboy at 2022-11-04 11:31 AM | Reply

Mr Musk has some other problems at Twitter...

Twitter Latest: Musk Says Ad Losses Fuel Massive' Revenue Drop
finance.yahoo.com

...Some advertisers are also wary of Musk's plans to reexamine Twitter's content moderation policy. Volkswagen AG, Europe's largest carmaker, joined Pfizer Inc. and General Mills Inc. in temporarily pausing advertising on the platform....

Twitter Has Massive Drop in Revenue' Musk Says (10:33 a.m. NY)

"Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists," Musk said in a tweet. "Extremely messed up! They're trying to destroy free speech in America."...


No change in content moderation?

Twitter saw an "immediate, visible and measurable spike" in hate speech after Elon Musk takeover, researchers find
www.cbsnews.com

...In the week leading up to Musk's acquisition, researchers said there were no more than 84 hostile tweets an hour on the platform. But from midnight on October 28 " the day Musk took ownership " to noon the next day, there were 4,778 hate-filled tweets. That accounts for more than 398 tweets an hour, about 4.7 times higher than the seven-day average leading up to that day. The potential reach for those tweets was more than 3 million, researchers found.

Researchers also said there was an increase in negative sentiment, with more than 67% of the tweets sent after Musk's takeover having a negative tone.

"In sum, the content and tone of Twitter posts became measurably more oriented towards hate speech on the day Elon Musk became CEO of the company with significant reach attained for this hate content," the study says. ...


Maybe those advertisers just want to see what the platform becomes before they advertise on it...


#4 | Posted by LampLighter at 2022-11-04 11:36 AM | Reply | Newsworthy 2

#2 | Posted by LampLighter

Hell no I didn't. I think he is in way over his head.

#5 | Posted by GalaxiePete at 2022-11-04 03:15 PM | Reply

Oh boy:

Here's what's going on at Twitter right now: It's a nightmare.

Employees are sounding the alarm about how it could make getting reliable information on this site during Tuesday's elections impossible.

twitter.com

#6 | Posted by Gal_Tuesday at 2022-11-04 09:49 PM | Reply

Oh man:

Elon Musk cannot handle being properly schooled. A tragedy in three acts:

twitter.com

What to do when Twitter is now owned by a lying liar who lies? What could possibly go wrong?

#7 | Posted by Gal_Tuesday at 2022-11-04 09:53 PM | Reply

His only plan with twitter is that twitter help get more Republicans elected by allowing right wing lies to proliferate. If he succeeds then any increase in taxation on his mega wealth will be blocked.
And the Saudi's are helping him out for a similar reason. Democrats might push more green energy and hasten the collapse of oil. The Saudi's made $42 billion in fossil fuel revenue just last quarter.
And this doesn't even take into account all the unknown billionaires who are also helping Musk out. When spread over a few years, any billions lost on Twitter will be made up for in tax savings by all the players involved in this.

IOW, this is a lot bigger than a $44 billion dollar loss. (When spread out among multiple players over multiple years)

#8 | Posted by prius04 at 2022-11-05 02:33 PM | Reply | Newsworthy 1

I still say that it won't be losing users, losing advertising, or moderation policy that will ruin Twitter under Musk.

It will be the toxic work environment Musk likes to foster.

#9 | Posted by horstngraben at 2022-11-05 02:39 PM | Reply

Twitter is facing a class action lawsuit from former employees who say they were not given enough notice under US federal law that they had lost their jobs,

I guess these people have never been laid off.

The WARN laws allow the employer to layoff immediately provided they give the employee 60 days pay.

It happens all the time in Tech, this is just whining.


It will be the toxic work environment Musk likes to foster.

#9 | POSTED BY HORSTNGRABEN

From the engineers I know at Tesla, the environment is fun and challenging. I haven't heard anyone complain.

You? Do you know anyone that works for Musk? OR is all your News from the NarrativeCreators?

#10 | Posted by oneironaut at 2022-11-05 05:25 PM | Reply

__________
#8 | Posted by prius04 at 2022-11-05 02:33 PM
And the Saudi's are helping him out for a similar reason. Democrats might push more green energy and hasten the collapse of oil.

Musk has long been and even more recently has shown himself to be a major league d-bag. Twitter has mostly been a sewer for enterprises and celebrities' witticisms and self-promotion, and will stink even more "under" Musk. That said, just to lay down some facts:

Saudi Prince Alwaleed bin Talal (one of several hundred Saudi princes, definitely not a fan of current de facto ruler Prince MBS) and his Kingdom Holdings investment arm have long been investing in the US companies, including technology and have been "less than 10%" TWTR investors since before its IPO in 2013. He rolled over Kingdom's 4.4% of shares, Jack Dorsey and Qatar Investment Authority rolled over 2.4% and 0.9% respectively. Alwaleed / Kingdom has been diversifying for decades and has little, if anything invested in oil industry.

Saudi Aramco, now listed and 1.5% "publicly" owned on Saudi Tadawul exchange - still 98.5% owned by Saudi government accounts for about 10% of world's oil output but is one of the leaders in investments in "green" energy, particularly in Japan, more so than Chevron, BP, Shell and Exxon Mobil which also have invested in "green" / "blue" energy projects.

And this doesn't even take into account all the unknown billionaires who are also helping Musk out.

We pretty much know the list of major investors and debtors of X Holdings (Musk's Twitter acquisition company) because Musk had to provide it to the court to assure of sufficient financing. Larry Ellison of Oracle is on the hook for $1B, and several "smaller" billionaires are also on the list.

When spread over a few years, any billions lost on Twitter will be made up for in tax savings by all the players involved in this.

As it should be - that's the nature of "investmrnt risk" in capital formation and free market societies.
__________

#11 | Posted by CutiePie at 2022-11-05 09:38 PM | Reply

__________
#10 | Posted by oneironaut at 2022-11-05 05:25 PM
From the engineers I know at Tesla, the environment is fun and challenging. I haven't heard anyone complain.

Would be surprising if they did. They are kinda still "fat and happy" with their TSLA options... and even with all current Tesla problems, their environment is not the same as Twitter's - you obviously understand that the "tech" is not all the same.

You? Do you know anyone that works for Musk?

Was not directed to me, but... from my experience, SpaceX is still nowhere near the "happiest place on Earth" even though Tesla's "intellectual environment" is light years closer to SpaceX than Twitter.
__________

#12 | Posted by CutiePie at 2022-11-05 10:10 PM | Reply

#10

Why should anyone believe that you have an inside scoop, on an anonymous website. I think you're full of crap.

#13 | Posted by Whatsleft at 2022-11-06 07:55 AM | Reply

The WARN laws allow the employer to layoff immediately provided they give the employee 60 days pay.

Link? The regs state that "WARN requires employers who are planning a plant closing or a mass layoff to give affected employees at least 60 days' notice of such an employment action." I don't see an exception to that if you throw money at the employees.

From the engineers I know at Tesla, the environment is fun and challenging. I haven't heard anyone complain.

Well i guess that settles it then. Lmao.

#14 | Posted by JOE at 2022-11-06 09:33 AM | Reply

__________
#14 | Posted by JOE at 2022-11-06 09:33 AM
The WARN laws allow the employer to layoff immediately provided they give the employee 60 days pay.

    --- ? The regs state that "WARN requires employers who are planning ... a mass layoff to give affected employees at least 60 days' notice of such an employment action." I don't see an exception to that if you throw money at the employees.

___

Actually, you both may be right... with a hitch. See if this satisfies WARN regs:

Step 1: "You have 60 days notice that you are being laid off."
Step 2: "You are going to be paid in full for the 60 days and accrued vacation time starting on dd/mm/yyyy."
Step 3: "You don't need to show up for work for the 60 days starting on dd/mm/yyyy."

Now, the hitch in this scenario: since they are WARNed but technically still employed, their TWTR options may become vested in this period and therefore eligible for cashing out at buyout price. That may be the only legal action they are entitled to if Musk's holding acquisition company refuses to honor. Otherwise, all legal requirements of WARN would be satisfied.
__________

#15 | Posted by CutiePie at 2022-11-06 02:39 PM | Reply

__________
Everyone exited was offered 3 months of severance, which is 50% more than legally required. - that should satisfy WARN.

Twitter is now asking dozens of laid-off staff to return, after realizing some are necessary for building prioritized and new features, and some were sacked by mistake.
__________

#16 | Posted by CutiePie at 2022-11-06 10:43 PM | Reply

@#16 . ... Twitter is now asking dozens of laid-off staff to return ...

Yeah, way to go, Twitter management.

After causing a major disruption of those employees' live, Mr Musk is now backing off and saying something along the lines of, ~hey, we screwed up, big time. We really need you.~


Planning? Did Mr Musk ever hear of it?

#17 | Posted by LampLighter at 2022-11-06 11:03 PM | Reply

__________
#17 | Posted by LampLighter at 2022-11-06 11:03 PM
Planning? Did Mr Musk ever hear of it?

More like "slash and burn" and "throw crap at the wall and see what sticks" - it worked for him before, he was lucky to have had people around to clean up his messes... eventually results in "Masters of the Universe" hubris.
__________

#18 | Posted by CutiePie at 2022-11-06 11:54 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2023 World Readable

Drudge Retort