And then the person who actually ran the lunch program said "no it doesn't, that doen't make even a little bit of sense". Elon is just pulling numbers out of thin air based on hunches.
I think Musk is mistaken or intentionally misrepresenting...the idea is that Twitter has a $13 million-per-year contract with its food vendor. But, due to the Covid pandemic and the acceleration of remote work, many employees have stopped coming to the office and taking advantage of the free meals...so, he's dividing the total contract value by the average number of employees now badging in at the office instead of the total number of employees during normal times.
I don't think it was pulled out of thin area- he found a number that he wanted to be a numerator (total cost of providing meals), and a number that he wanted to be a denominator, and did the basic division. It's very likely the values he used were simply not appropriate, or existed without some context.
You could say this about a lot of his other decisions, but ending free lunch at a failing company seems very reasonable. Most people don’t get free food at work at all.
As Twitter is no longer a publicly-traded corporation, it is my understanding that Mr. Musk no longer has any obligation to ensure his statements about the state of the business are truthful. Is that correct?
It depends on what the statements are and to who. If the statements are relied on by investors to make investment decisions, for instance, they better be truthful.
kevincrane|3 years ago
https://twitter.com/_hawko/status/1591909771124539393?s=20
boeingUH60|3 years ago
dekhn|3 years ago
johnthuss|3 years ago
smt88|3 years ago
powera|3 years ago
JohnFen|3 years ago