- Joined
- Sep 22, 2021
It sure isn’t a sound business move.Throughout his entire career he's been stumbling from one company to the next. He's wealthy on paper but almost all of it is tied to stock options and holdings, with low liquidity or insulation from a bad class action suit, market crash or interest rate spikes. I think he's at a point where his wealth is "too big to fail", but he largely owes his success to the US government bailing him out or funding him early on.
The Twitter purchase has investors backing it, it's not solely Elon's money, and those investors are liable to want to see returns. Odds are very high that if Twitter doesn't start generating some serious revenue quickly, those investors will try to force him out of the company. Allowing every retard on twitter to spam "NIGGER" everywhere freely or bringing Trump back would probably cause half the advertisers to bail for the sake of their brand safety.
My guess is he started off the purchase basically playing to the crowd on an anti-woke grift to his new MAGA fanbase, and it got out ahead of him.
He’s always given the impression of hating Twitter - a child’s tantrum that even he, the richest man in the world, is restricted in what he can say. It’s a flat structure for users. And the fact that rumours (and facts) about how badly he runs his companies and what he pays to cover up embarrassing sex pest activity kept circulating on there, nothing he could do about it.
His friends in Saudi Arabia and Russia *really* don’t like the fact that amongst all the shit, information *is* free on there, if you can find it. If they did have a hand in financing it, clearly they have their own reasons.
So it’s no surprise that he’s already started firing everyone and implementing stupid half assed ideas, and shitposting the place to death: he really does just want it to die and be replaced with something that’s more suited to his caste mentality.