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“One could argue he has created value or destroyed value at Twitter. It’s hard to tell at this point,” [Gerber] said.
I'm going to guess this Gerber-person is being pseudo-optimistic to try to bait other people into investing money as well, so he might have a chance of getting his million back.
Because otherwise, how in the fuck can you be this rich and this bad at judging reality?
Because otherwise, how in the fuck can you be this rich and this bad at judging reality
I would argue that the rich can be quite bad at judging reality because they can afford it. They can lose a normal person's life savings worth in a single bad bid, shrug and move on.
The other important thing to keep in mind is that capitalism isn't a meritocracy. Luck plays a major role in whether somebody becomes rich or not while smarts are not all that important https://www.pbs.org/newshour/economy/making-sense/analysis-if-youre-rich-youre-more-lucky-than-smart-and-theres-math-to-prove-it
The issue that I have with Elon Musk is that he blames other people and I had to yet see him ambit he is in the wrong. Most changes he has done to Twitter had somehow backfired and I will argue, even contradict of the very thing he is preaching about. From giving verify badge a cheap price which enable lot of trolling to banning third-party links to any social media or link aggregators. He definitely saw people leaving Twitter and even going on a different social media like Mastodon and tried to do some damage control.
Like someone needs to tell him that he is the one that is setting himself up and will have a difficult time to find investors. To me, he's not good at managing a social media and can't take criticism as he is so used to getting his way. He makes ragebaits tweets/meme, insult people who said paying for a verify badge is a bad idea and will leave Twitter. Elon lacks class and if you crop the screenshot that has his Name and profile picture and just show some of his Tweet, I would assume this is a 12 year old in his edgy anti-SJW phase and not some self-centred billionaire.