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One year after being bought for $44 billion, X is worth $19 billion
(arstechnica.com)
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this post was submitted on 31 Oct 2023
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Technology
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"Turning a profit early 2024" if they manage that it would be kinda impressive but I wonder if the platform has any chance of longevity after reducing the staff by over 80%? I can't imagine staying there if I was a skilled engineer, it just feels like such a cutthroat way of doing business and what do they stand to gain? When they could go to another, far more stable firm like Facebook, Google or Microsoft. And the longer they stay the more stained their CV is going to be I feel, unless X manages to defy the odds and actually succeed in this reconstruction of sorts.
On the other hand, the website's still up (I guess) so if you're part of the 20% that wasn't considered useless that might a big plus for you