Elon Musk knew he made a bad bet on Twitter. He was right.

Comments

• qooqie@lemmy.world ⁨1⁩ ⁨year⁩ 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.

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  • Voroxpete@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

    No, it’s not obvious to most people, because it’s a theory that makes absolutely no goddamn sense.

    1. When you factor in the incredible damage done to the Tesla share price by the amount of stock he had to liquidate to finance the deal, and the almost billion a year in interest and operating costs the company is pulling out of him, the deal has, altogether, cost Musk about half of his net worth. No amount of petty childishness is worth that.
    2. He literally went to court to try to get out of the deal. What was his play here? To sue with the intention of failing? For what possible reason?
    3. If his plan was to kill Twitter, why would he attach his beloved X name to it? Musk has spent his entire life trying to make X happen. It is dearer to him than his own children. Why would he attach that brand to a company he’s intentionally sabotaging?
    4. If his goal is to kill Twitter, why is it still here? He owns the company outright. He took it private. There’s no board. There’s no shareholders. He doesn’t have a fiduciary responsibility. If he wanted Twitter dead, all he had to do was shut the doors, turn off the lights, and send everyone home.

    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.

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    • Steve@communick.news ⁨1⁩ ⁨year⁩ ago

      Exactly. “Never attribute to malice that which is adequately explained by stupidity.” -Hanlon’s razor

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    • stopthatgirl7@kbin.social ⁨1⁩ ⁨year⁩ ago

      it’s failing because Musk is genuinely trying his best, and his best absolutely sucks

      THANK YOU.

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    • cheese_greater@lemmy.world ⁨1⁩ ⁨year⁩ 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.

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  • Siddhartha-Aurelius@kbin.social ⁨1⁩ ⁨year⁩ 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.

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• Harvey656@lemmy.world ⁨1⁩ ⁨year⁩ ago

  This more business than technology.

  I swear I won’t stop yelling about musk spam until it ends.

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• iHUNTcriminals@lemm.ee ⁨1⁩ ⁨year⁩ ago

  Rule of life #1. Do not mention he who cannot be named.

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  • funkajunk@lemm.ee ⁨1⁩ ⁨year⁩ ago

    Voldemort?

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  • bloopernova@programming.dev ⁨1⁩ ⁨year⁩ ago

    I like to refer to he which cannot be named as “musky chodelet”

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• onlinepersona@programming.dev ⁨1⁩ ⁨year⁩ ago

  !EnoughMuskSpam@kbin.social this is where the musk spam belongs

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• jtk@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago

  Holy fucking hell. It’s only been a year?

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  • gulasch_hanuta@feddit.de ⁨1⁩ ⁨year⁩ ago

    “let that sink in”

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  • stopthatgirl7@kbin.social ⁨1⁩ ⁨year⁩ ago

    Hard to believe it’s both been that long and hasn’t been that long.

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