this post was submitted on 17 Nov 2023
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X Races to Contain Damage After Elon Musk Endorses Antisemitic Post (www.nytimes.com)
submitted 1 year ago by silence7@slrpnk.net to c/technology@lemmy.world
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IBM, a major advertiser on X, has pulled its spending from the social media platform, whose employees are grappling with what to tell its other advertisers, according to internal messages.

To be clear: Musk endorsed a tweet which used a false antisemitic conspiracy theory to tell people why "Hitler was right"

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[–] kamen@lemmy.world 1 points 1 year ago (2 children)

That's fair, but then why did he want to acquire it so bad?

[–] 4lan@lemmy.world 11 points 1 year ago

Because he is not as smart as people think he is.

He did not invent Tesla. He did not create Twitter. He did not create SpaceX.

Musk has done nothing but use his family's emerald fortune to leverage wealth to create more wealth. He has not contributed to anything.

[–] chiliedogg@lemmy.world 7 points 1 year ago

He didn't. He bought shares, then announced he'd buy it at a wildly inflated price to drive the stock price up so he could sell high. It was a pump and dump scheme and he never intended to actually buy Twitter. 3 days after Twitter agreed to be bought, he had already sold over 6 billion in Twitter stock.

The difference here was the Twitter board wasn't finna take that bullshit. They sued him and he was going to be forced to honor his disingenuous buyout offer, so he went through with it and has been hemorrhaging money.