A Little Bit of Everything Happening

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Massive layoffs happened on Twitter over the past day as Musk continues to reorganize and reposition the bird app into a more profitable enterprise. It certainly was anything but a quiet exercise though, and left quite a number of highly skilled people in search of a new job.

This is also as people continue to express outrage over monetization of the verified tag on the platform, with some people already threatening to dump the app for good. While watching how it all plays out, I have kept myself busy with imaginations of just how much the current twitter experience will impact the Blockchain going forward.

First off are the lessons. The layoffs perhaps show just how fragile being an employee it continues to be. We can't certainly all be employers but we can get a better deal in the future of work, and the Hive model (while incomplete) gives a sneak peak into that sort of future. Am sure it'll be a lot less painful to actually own a part of our jobs assets rather than receiving wages and little to nothing on termination.

Another important lesson is just how fast things can happen in the tech space. It really pays not to be caught off guard, and the only way that happens is to keep improving and positioning ourselves for the future. Imagine if Dogecoin was integrated into the twitter payments system tomorrow and the impact it'll have on the entire crypto space. It may sound farfetched but it is a real possibility and can actually happen.

It also turns out that Binance is a minority investor on Twitter. I like how crypto platforms are aligning themselves with mainstream businesses, even though a lot of them are slowly embracing centralization. Growth has to be intentional, and putting our money where our mouth is should give the space a lot more influence going forward. Like I said earlier, it is all about positioning.

I certainly think that the changes happening with twitter will be significant to the crypto space for some reason. Am as curious as anyone else in figuring out the details and seeing how it all plays out though. Musk was right about one thing, and that is that we certainly need to address the future if how public conversations were going to occur going forward.

Conclusion

What was left out is that perhaps the future also needs to work out a financial model for big tech that end users get more value for their money. It seems options are going to be abundant in the future, and I would like to assume that the majority will go to where they derive the most value

Posted Using LeoFinance Beta



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(Edited)

If Twitter employees had vested interest in the company and not just siphoning value every pay check, they would probably have fired themselves already 😂

Elon Musk said Twitter was losing $4 million USD per day.

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Actually the bulk of loss comes from his takeover, as the company has piled up lot of debt to finance. Still, it is obvious that their model could have been better from a business perspective

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