When was the last time a $44 billion acquisition lost **over two thirds of its value** in just over a year, and investors didn’t call for _multiple_ heads to roll? When. WHEN
They wanted to destroy it. Him and all of his authoritarian investors. This was deliberate. https://www.theguardian.com/technology/2024/jan/02/x-twitter-stock-falls-elon-musk?CMP=Share_iOSApp_Other
If you still, **STILL** think this was just a billionaire bumbling around not knowing what he was doing, with authoritarian investors backing him up to the tune of BILLIONS OF DOLLARS OF INVESTMENT, and none of them have tried to fucking assassinate him, never mind just remove him from power, I have a bridge to sell you.
No, I have a gaggle of bridges to sell you.
No, I have an entire planet's gaggles worth of bridges to sell you.
And this applies doubly so to the tech journalists who keep interviewing his malicious ass and are like "gee wow you've lost a lot of value what do you think you'll do to try and recover this? Hehe awkward emoji"
NOTHING. Nothing you damn sycophant. Get your head out of his ass, then get it out of your own (no I don't understand how the physics work and I don't care), and wake the fuck up to what's happening.
@chartier ... So... what's happening?
@OddDev Elon Musk bought Twitter with the help of multiple investors ranging from authoritarian countries (Saudi Arabia, China) and hedge funds.
Twitter, despite its many faults, had become a powerful too for people to organize and fight back against many forms of oppression (Look up the 'Arab Spring' and many other protests)
Most billionaires like Musk, and authoritarian countries like Saudi Arabia and China, do not like when regular people gain power.
They bought Twitter to destroy it.
@chartier @OddDev He wanted to destroy what he perceived it to be (a public square controlled by liberals), but no, lighting $30B on fire is just pure incompetence, and your attempt to cast it as malice gives Musk way too much credit. He's not smart enough. He genuinely thought he, with no experience or research, could do better than a team of hundreds who have lived it for years.
@LouisIngenthron @chartier @OddDev
You may be underestimating the situation by reducing it to a money only deal. The maintenance of Power and control for those who have it is a far bigger currency exchange than actual cash.
@LouisIngenthron @chartier @OddDev Not when that money could triple in 30 years when it comes to global economy and what the powers would end up paying out if the public really used things like twitter to fully gain control by the people. If you think this was a sole effort by Musk to feed his narcissism... that does not do your own education/social knowledge any favors.
This was cutting the head off what was really becoming "of the people, by the people and for the people" on a glbal scale!
@appagalcrochet Twitter was never "of the people, by the people and for the people". It was a private for-profit corporation, and it never even had that great of a market share.
This is all Musk's ego.
@LouisIngenthron Wow, you are intentionally obtuse. I was not speaking about the company. I was speaking about the power people gained by using it. I never said Twitler as a private company was "of the people..."!
JFC, if common sense were solely a bus line... you are the individual insisting on waiting for the train. Bless your heart.
@LouisIngenthron @chartier @OddDev musk doesn’t have to be the smart one in the equation. He just needs to be a useful tool and he’s been obliging his investors who ARE smart ever since the deal closed.
Elon has a lot of investors who wanted twitter essentially shut down. They didn’t invest to make it better and more efficient, that’s a given.