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com2kid | 4 days ago
It didn't.
Anyone who has worked at a large company knows that 1/2 the staff there is stuck keeping the lights on because it is easier to hire a warm body than fix tech debt.
I've worked at companies that are literally 10x more effective than other competitors in the market purely due to good engineering practices.
Even within large companies, you can have orgs that are dramatically more effective than others, often due to having to work under just the right set of resource constraints. Too little and no investments in the future, too much and it becomes easiest to build fast and hire people to duct tape the mess that is left behind.
mike_d|4 days ago
It did, just not obviously. Twitter used to be the store brand social network, vanilla and reliable but not overly obnoxious. It made good money from brand advertisers like Ford, General Mills, and Sony. City governments felt ok with using it to distribute community information. The platform tried its hardest to stay middle of the road and not let things sway too far one way or the other.
Today it is a real time bidding marketplace for changing public discourse. You simply buy blue checkmark accounts in bulk and spread your message free of any content moderation or safeguards. So the Chinese, Russians, and Saudis can get into a bidding war over what rural whites believe to be fact.
With the ad revenue sharing program you don't even need to write the content anymore (one of the biggest things foreign influence campaigns struggle with). Just find someone who is saying the "right" thing already and promote them. Twitter in turn underscores the authenticity of these voices by adding "transparency" features that list where someone is from - because your average person does not know a damn thing about proxies.
smileysteve|4 days ago
Twitter had been a growth company, it was early/missed the market with Vine, but was showing ad growth.
Now, as a private company, backed by the world's richest man, sovreign wealth funds, and banks that have written down their stakes, it has different economics than a tech / growth company.
It's ad revenue is now, not in the ballpark of the fortune 500 or trendy Instagram ads, but somewhere between reddit and sin site markets.
kranke155|4 days ago
For a man with a trillion dollar fortune it’s just his personal equivalent of Fox News, a way to shape the nations conversation.
Plus a way to get data for xAI.
In that regard it’s a huge sucess. I use grok to find out about stuff on X and it’s very effective. Grok is also nowhere as bad as it should be (it’s still not great).
jacobsenscott|4 days ago
techpression|4 days ago
So when some people talk about tech debt we don’t talk about perfect code or file structure, it’s about painting a wall in a tropical rain, building a house during an earthquake etc. So count yourself happy I guess.
bojan|4 days ago
Just to provide a counter data-point, I've certainly seen companies not being able to move anymore because of tech debt. It's not for nothing that so much has been written about it, and about the ways to fix it.
Your other point stands - the resume-driven development is also a real problem.
hirsin|4 days ago
If Microsoft did something that resulted in 300 million users leaving it would be considered crashing and burning, but I guess when Elon does the same proportion someone will show up to explain why losing half your revenue is better than losing all of it.
I just want to know who those people are so that I can pitch them on my next investment fund.
tonyedgecombe|4 days ago
It’s the same for his cars, they haven’t suddenly got worse at building them. It’s just that most people don’t want to buy from someone like Elon.
watwut|4 days ago
I remember people celebrating and praising Musk, predicting new era of free speech twitter that earns tons of money and is massively effective.
Meanwhile, it lost on value, lost on income, became nazi echo chamber and overall much worst version of itself. It did not "crash and burned" simply because Musk was willing to pay huge amount of money for all of that. What it shows is that original engineering was good and reliable, actually.
creativeSlumber|4 days ago
Most big tech companies get taken over by leadership with no tech background eventually and the engineering bar drops to the floor.
AlexeyBelov|3 days ago
I was there, and no, it's not true. There were debates about it and no consensus.