I’m also convinced the entire purchase was an accident but I think he was doing the usual far-right “try and shame people for standing up to nazis”.
Comment on Elon Musk Bought Twitter to Settle His Jet-Tracking Beef, New Book Claims
Sludgehammer@lemmy.world 4 months ago
I think he was trying to get out of Twitter and wanted to do a real life version of his Dogecoin pump and dumps. You know, talk a big game, hype up how the stock is gonna go to the moon after he brings his genius to bare on the company, then dump the stock and pull out of the deal. However, during the hype phase he managed to say some legally binding things and suddenly found himself forced to honor what he thought was going to be empty hype.
PoliticalAgitator@lemmy.world 4 months ago
shasta@lemm.ee 4 months ago
Pretty sure that’s illegal
Scrof@sopuli.xyz 4 months ago
That’s his entire business model. Just look at starship, hyper loop, solar roofs and Tesla semi. Overblown Tesla stock bubble too. All complete vaporware, but he profits greatly from the hype alone. He belongs in prison as he is a classic conman.
laverabe@lemmy.world 4 months ago
As much as I personally dislike Musk, Starship does not belong on that list. It is the largest and most powerful space vehicle humanity has ever launched successfully and landed!. It is re-usable and can potentially carry up to 100 people or 300,000 lbs of cargo.
Nothing like that has ever been done before, and the advancements in science that will follow humanities expansion into space, cannot be overstated.
laughterlaughter@lemmy.world 4 months ago
100 people are, like, 19,000 lbs. Why the weight difference between 100 people and just cargo? Because of life support systems?
RealFknNito@lemmy.world 4 months ago
So is racking up debt in shell companies and claiming bankruptcy on them but it didn’t stop Trump either.
GladiusB@lemmy.world 4 months ago
When has that stopped billionaire dummasses?
interdimensionalmeme@lemmy.ml 4 months ago
People who control the organs of communication usually end up writing the laws, even if it’s at arm’s length.
kakes@sh.itjust.works 4 months ago
I honestly thought this was common knowledge.
arc@lemm.ee 4 months ago
It’s worse than that. The usual way of buying a company is a memorandum of understanding followed by due diligence, followed by signing a contract and then the actual completion. Elon went straight to signing the contract and then had big old shit fit when the Twitter board held him to the terms of the contract and the penalties for pulling out.
underisk@lemmy.ml 4 months ago
He did more than say legally binding things. He signed a contract. That had a clause in it to prevent him from backing out, because the management at Twitter fully expected him to try and pull that.
Quadhammer@lemmy.world 4 months ago
Makes you wonder what they’re og twitters guys are doing now