Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value

boem@lemmy.world to Technology@lemmy.world – 649 points –
Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value
arstechnica.com
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mush never intended for twitter to become profitable. his only real incentives here are:

a. use saudi money to help kill twitter with some plausible deniability (for legal reasons) b. try my favorite 'business tactics' because i have nothing to lose

he has been very successful at these intended actions

Except it also impacted his other companies because of the public perception of his competence changing drastically.

yeah, thats where he needs 'plausible deniability'. he can say, 'but i triiiied to make money, those damn libs canceled me'

If it were that easy to cancel a billionaire, this world would be so much better.

I’m not buying that story. It gives him way too much credit and is simply implausible. I believe the reality is Elon has an incredible imagination, issues with executive functions, and lacks empathy. He’s not a mastermind James Bond villain and he’s not as smart as people think he is. Left to his own devices, he makes bad decisions and is easily carried away by ideas that are interesting to him at the time.

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