Friday is the one-year anniversary of Elon Musk's $44 billion takeover of Twitter, which he subsequently renamed X.
The big picture: Musk gets to benefit from the long-term nature of private equity. Which is good for him because, in the short term, this deal has been a steaming pile of blue bird poop.
qooqie@lemmy.world 11 months ago
It was never a bet, pretty sure it’s obvious to most everyone he did it to destroy it because he’s a child who can’t handle not being the center of attention.
Voroxpete@sh.itjust.works 11 months ago
No, it’s not obvious to most people, because it’s a theory that makes absolutely no goddamn sense.
Anyone who buys into this “He’s trying to kill Twitter” nonsense, please, I am begging you, try to get your head around the fact that Elon Musk is not a smart man. This isn’t some incredible 4D chess play. Twitter isn’t failing because of intentional sabotage; it’s failing because Musk is genuinely trying his best, and his best absolutely sucks. He’s a bad businessman who lucked into a fortune he never deserved.
Steve@communick.news 11 months ago
Exactly. “Never attribute to malice that which is adequately explained by stupidity.” -Hanlon’s razor
stopthatgirl7@kbin.social 11 months ago
THANK YOU.
cheese_greater@lemmy.world 11 months ago
The X thing is what got me. If I have a concept or naming scheme that is important to me on a personal level, there’s no way I would slap it on anything I knew that was disposable or on the way out, whatever.
Musk fucking loves this whole X thing.
Siddhartha-Aurelius@kbin.social 11 months ago
It was never a bet. It was him attempting to inflate the price by saying he would buy it above the share price at the time. It was an attempt at market manipulation and the SEC made him go through with it.