Why hasn't the invisible hand trimmed the fat from Twitter?
“Suppose, for example, that Elon succeeds in showing the world that, indeed, Twitter can be run with 10-20% of its original headcount, functionally, and maintaining its cashflows at a fairly stable level.”
Any idea how likely you think this is?
It’s no coincidence that the icon of monopolies is the very company that thrust us into the technological world we now inhabit: AT&T.
As you note, tech companies are naturally insular. Think of Bell’s notion of “The System”. Not great marketing if you’re looking to dodge a breakup.
“Suppose, for example, that Elon succeeds in showing the world that, indeed, Twitter can be run with 10-20% of its original headcount, functionally, and maintaining its cashflows at a fairly stable level.”
Any idea how likely you think this is?
It’s no coincidence that the icon of monopolies is the very company that thrust us into the technological world we now inhabit: AT&T.
As you note, tech companies are naturally insular. Think of Bell’s notion of “The System”. Not great marketing if you’re looking to dodge a breakup.