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  • bedrooms@kbin.social
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    1 year ago

    I don’t buy that. He tried to cancel the purchase. He’s also losing money, and so it’s definitely not a 3D chess.

    • qwertyqwertyqwerty@lemmy.one
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      1 year ago

      Didn’t Twitter almost take him to court if he didn’t follow through with the purchase? I think he got caught in his over investment in Twitter last year, and rather than go through a trial with discovery (I think he NEEDED to follow through to avoid this specifically), he decided to go through with the purchase. I wonder what the hell they would have found during a trial discovery that made him sink $44B.

      But what he’s doing now? I don’t think it’s related to that. I think it might be to help manipulate stocks, as we have seen him do several months back. Maybe he thinks that destroying left-leaning political action saves him in taxes? He destroyed public transportation in California just so people would theoretically purchase more Tesla cars. Nothing is beyond being trampled by Musk if he thinks he can benefit by stumbling over the other side of the corpse.

    • Banzai51@midwest.social
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      1 year ago

      Not only that, it would have been easier and cheaper to just shut the whole thing down after taking ownership. His very public (mainly by his own tweeting) stewardship of Twitter is damaging to his reputation, and the reputation of his other businesses. The reality is, he just is that dumb.

      • regul@lemm.ee
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        1 year ago

        His net worth has only gone up since he bought it, iirc. Tesla will continue to print money at least for a little while until other automakers catch up on EVs. SpaceX doesn’t seem to have any viable competitors, and both sides of the aisle agree on privatizing space, so that’s a big growth industry. This is the unfortunate fact of capitalism in general and late-stage capitalism in particular.

        • Ech@lemm.ee
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          1 year ago

          His net worth has only gone up since he bought it, iirc

          It absolutely didn’t. His net worth dropped over 50% in the months following the purchase. It’s back up above $200b at this point according to Forbes, but he’s still down from his pre-purchase state.

      • anlumo@feddit.de
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        1 year ago

        If he’d just shut it down, he probably would have been personally liable for Twitter’s debt, because he didn’t even try.

      • DJDarren@beehaw.org
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        1 year ago

        He’s the consummate failson. Rich enough that he’ll never actually experience any tangible negativity from his various ventures, if he has a skill, it’s in self-publicity and (historically) throwing money at ventures that are already on an upward trajectory.

        But I feel that all the cocaine and being surrounded by Yes Men have led to him tipping over the edge.