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Patrick McKenzie @patio11
, 5 tweets, 1 min read Read on Twitter
A thing that periodically blows my mind: one of the Very Serious rituals of capitalism is the quarterly earnings conference call, where 50+ very high compensated people controlling or influencing billions of dollars hop on... a POTS service which breaks quite a bit.
Those are the approximately the most expensive phone calls in the world that don't result in nuclear missile launches as a reasonable alternate communication channel, both in terms of TCO and in what they directly cost the firms.

Why is this so bad? Why calls?
(Can Slack get away with doing theirs as Quarterly Earnings Slack Chats? In addition to being a great dogfood opportunity text chat improves upon the conference call in every way for asking very precise questions and getting very precise answers in a way which will be parsed.)
(Presuming that there is a human slackbot doing the usual curation and recognizing next folks to ask a question, etc etc.)
Now I'm really curious whether @twilio hosts their own earning calls, which simultaneously seems like the sort of thing that all the dangerous professionals would be very bearish on and that Twilions would say "Draw the compliance owl; we're doing it anyway."
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