Fortunately, the only thing he seems good at doing is burning billions of dollars in a dumpster fire formerly known as Twitter. Competency seems to have a liberal bias.
this post was submitted on 25 Jul 2023
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I'm really getting the vibe that he was forced to buy it, he doesn't want it, he'll burn it to the ground to get rid of it.
Next year when it shutters, he'll be like "it was unsalvageable" and simpletons will lick it up like "he's made a hard choice" or some bullshit.
He was forced to buy it, don't you recall his court case? I mean he literally signed the contract then tried to weasel out of the deal by saying Twitter was overvalued and took it to court and lost.
He only ever wanted to destroy twitter so he never cared to begin with
tried to weasel out of the deal by saying Twitter was overvalued and took it to court and lost.
The best part of this is that it really wasn't "overvalued" at the time. Elon didn't even look up the valuation, instead he threw out a big number then they agreed to it, which he didn't expect in the first place. Tried to weasel out because he offered way more than it was valued at, then had to commit to giving up 1/3 of his net worth at the time to a project he didn't want.
Then he tried to make himself a conservative hero by unblocking Trump, which backfired when Trump tuned him down.
Now he's trying to burn it down. He's got a lot less ad revenue coming in now than we he started. Lots of users left for Mastodon, even more left for Threads, and now he'll run off the rest of the users and advertisers by making massive unpopular and unnecessary changes.
Next he'll declare bankruptcy when it's past the point it can be saved and all of twitters debit that he racked up will be written off.
Then he'll find a new toy to break.
And just wait until BlueSky stops being invite-only. I'm not on there myself, but I'm told good things. Twitter could be a ghost town.
Mastodon
Firefish?
Lemmy
/kbin
100%, but there's a lot he can do with these losses too.
First and foremost, he definitely was forced to buy. He tried to back out after offering a price and having it accepted, because of "bots" - which he has since don't nothing to stop, so that was obviously just an attempt to get out.
But now that he does own it, he can use other people's money to carry forward losses to insulate his other cash flows from taxes. Literally a play out of Trumps book. What people neglect is that Trump failed on those casinos but still made money personally. It's all a shell game when you have enough money.
Since his shitty deal was fulfilled in a large part with other people's money and bank loans, leaving twitter (oops, 'X') with unmanageable debt payments, perhaps he's gunning for bankruptcy so the debt can be written off and restructured. I went through a time with credit card bills that, combined with other circumstances, grew too high for me to reasonably pay and I always pondered that if it was the reverse, and a bank owed me more money than they made in 5 years, they'd pretty much tell me to fuck off.
Well, he was forced to.
He made an offer that was stupid, the board accepted and then he freaked out when he saw the price tag.
I'm really getting the vibe that he was forced to buy it
He was brought to court by Twitter and received a court order to purchase it. So yeah, he was forced. Funny enough he's now suing the law firm that Twitter used to force Musk to purchase Twitter saying they took advantage of Twitter and they need to pay Twitter back, which is now owned by him.
I find I can easily tolerate his losses
History has shown that unchecked conservatism cannot be defeated by pacifism. It must be cured the hard way. I hope the people of Iran can overthrow their conservative government and finally live free again.
It's about time to water the tree at home as well.
Musk does talk about wokeness a lot. He has changed a lot.
No. He just fired his PR staff who wouldn’t let him open his fat mouth in public and did an excellent job retconning narratives where he slipped.
His PR team was legit too. They had him in Iron man and mentioned on Star Trek talking like he was one of the most influential people who ever lived. I puke a little bit in my mouth every time I hear that stuff now.
He's stupid as a rock, but could he be now trying to steal all the right wingers from around all the other spaces?
No, he's just more brazen.
It's also an advantageous position for a billionaire. Right wingers will give you undying loyalty and are easy to grift
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