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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Could that have ever been the intent?

I refuse to believe it was intentional, as that means Elon is smart. As opposed to the more likely, Hanlon's.razor, explanation is that simply, Elon is a fucking idiot.

The fact he was forced to complete the buy tells me it wasn't some conspiracy. It's just really hard to believe he would burn billions with his stupidity.