nationalize @Twitter and run it as a public disutilityhttps://twitter.com/Noahpinion/status/836507904916107265 …
kind of amazed they could *spend* $400M in a quarter much less lose it but I haven't spent any time in frothy vc spaces so idk
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their headcount is ridiculous
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Poekert's law: payroll will expand independent of requirements unless some external force acts to constrain it
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well-funded tech companies tend to hire as many people as they can and then come up with an excuse why they're needed
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VCs encourage this because it makes companies more dependent on them
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oh that is **excellent** from a contract theory perspective are there any articles or papers on this?
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I don't know of any but I haven't looked
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totally. it's a great idea, stashing in my paper ideas file. any novel mechanism to solve to info or commitment problems =
End of conversation
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