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.
Buying a multi-billion dollar brand and then rebranding it has got to be in the top 10 all time most smoothbrained business decisions ever, right up there with New Coke and Blockbuster not buying Netflix.
He probably could have started his own social media site to compete with Twitter for 1/1000th of the cost and still have all the Elon poleriders hop on board. It would still be exactly as shitty as X is today, but it could have been done without destroying something somebody else built up. Not that I care, because fuck Twitter too, but if we’re looking at this from a purely strategic perspective it’s so blindingly obvious this was a bad business move.
I’m waiting for him to get kicked out of Tesla if they still have a board, haha. His acts of removing things like Disney + and such do to political arguments is a direct impact on purchases. I don’t think streaming in the front seats should be, but investors should easily know that limiting buyers will devalue the company over time.
If trump wins the election he will funnel taxpayer dollars to Elon through his other companies like space x or Tesla for a reward for destroying twitter
As others have said this purchase didn’t really fuck up his overall lifestyle.
Yet when the topic of raising taxes on these people comes up they all freak out, like if they have to pay an extra 20% on their wealth they will be living on the streets.
There is only one way to hurt him- to humiliate him. To hit his ego. Booing him at the Chapelle show, for instance.
All we can do is keep doing that sort of thing until Real Life Iron Man becomes Real Life Terrence Howard as War Machine and gets replaced with some other asshole billionaire that sycophants will worship instead who hopefully will be mildly less insufferable.
The caption of his meme standing with a sink in the building after purchase said “let that sink in” but it should have said “I’m going to sink this company”
Look at the sheer scale and number of massive, malicious mistakes that one of our billionaires makes, while having ZERO impact on their tangible quality of life or lifestyle. None. Their ego score goes down and nothing else changes. The people they laid off suffer, never them.
Remember that when some pro-market capitalism class traitor nitwit inevitably tries to shame struggling people for daring to get a latte, eat Avacado toast, or get an education based on learning and growing as a person rather than solely insatiable greed.
People in the little club basically have to rape dozens of people to finally be permitted to fail, like Harvey Weinstein.
You aren’t poor because of “your bad decisions,” you’re poor because of a relatively small, insatiably greedy, powerful group of people that demand and expect almost all of the capital value your effort produces to go directly to them.
Wasn’t the Twitter buyout for a significant portion of his wealth that he like, claimed he didn’t even have?
All those people say things like “well they’re risking their wealth!” he seems to be a pretty good example of someone who “risked a lot of their wealth”, objectively fucked up and should have lost at least most of it, and has come out essentially unscathed.
If you can collosally fuck up a whole company, and your wealth doesn’t even move, what are you even risking? At all?
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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.
Buying a multi-billion dollar brand and then rebranding it has got to be in the top 10 all time most smoothbrained business decisions ever, right up there with New Coke and Blockbuster not buying Netflix.
He probably could have started his own social media site to compete with Twitter for 1/1000th of the cost and still have all the Elon poleriders hop on board. It would still be exactly as shitty as X is today, but it could have been done without destroying something somebody else built up. Not that I care, because fuck Twitter too, but if we’re looking at this from a purely strategic perspective it’s so blindingly obvious this was a bad business move.
Every Business School 101 class will use this as a case study
Musk fans punching the air
These numbers are relatively easy to explain. Elon Musk is a fucking idiot.
I’m waiting for him to get kicked out of Tesla if they still have a board, haha. His acts of removing things like Disney + and such do to political arguments is a direct impact on purchases. I don’t think streaming in the front seats should be, but investors should easily know that limiting buyers will devalue the company over time.
72% so far
If trump wins the election he will funnel taxpayer dollars to Elon through his other companies like space x or Tesla for a reward for destroying twitter
Do you think trump would funnel more than the 2.5 billion+ in government funding 6hat has already been handed to Tesla?
If it benefits him yes
Fair, but I’m not convinced dump has any idea what benefits him anymore except cheeseburgers and not being in jail. Same for em to be honest.
28% to go!
Pretty sure a genius like Musk can make that happen! Look how well he’s done so far, and in only 1 year.
Rookie numbers! I’m sure he can push the value below zero if he just tries hard enough.
As others have said this purchase didn’t really fuck up his overall lifestyle.
Yet when the topic of raising taxes on these people comes up they all freak out, like if they have to pay an extra 20% on their wealth they will be living on the streets.
The US has an addiction with simping for billionaires. In the rest of the world, only politicians oppose it ('cuz “lobbying”). Not the general public.
He is set for life no matter what.
There is only one way to hurt him- to humiliate him. To hit his ego. Booing him at the Chapelle show, for instance.
All we can do is keep doing that sort of thing until Real Life Iron Man becomes Real Life Terrence Howard as War Machine and gets replaced with some other asshole billionaire that sycophants will worship instead who hopefully will be mildly less insufferable.
Who knew fascism wouldn’t be the rage?
Should’ve taken the L and paid the fine instead of buying it outright.
The caption of his meme standing with a sink in the building after purchase said “let that sink in” but it should have said “I’m going to sink this company”
Look at the sheer scale and number of massive, malicious mistakes that one of our billionaires makes, while having ZERO impact on their tangible quality of life or lifestyle. None. Their ego score goes down and nothing else changes. The people they laid off suffer, never them.
Remember that when some pro-market capitalism class traitor nitwit inevitably tries to shame struggling people for daring to get a latte, eat Avacado toast, or get an education based on learning and growing as a person rather than solely insatiable greed.
People in the little club basically have to rape dozens of people to finally be permitted to fail, like Harvey Weinstein.
You aren’t poor because of “your bad decisions,” you’re poor because of a relatively small, insatiably greedy, powerful group of people that demand and expect almost all of the capital value your effort produces to go directly to them.
Wasn’t the Twitter buyout for a significant portion of his wealth that he like, claimed he didn’t even have?
All those people say things like “well they’re risking their wealth!” he seems to be a pretty good example of someone who “risked a lot of their wealth”, objectively fucked up and should have lost at least most of it, and has come out essentially unscathed.
If you can collosally fuck up a whole company, and your wealth doesn’t even move, what are you even risking? At all?
He sold a few shares to get the money, besides also taking up loans and gifts from others in his billionaire club.
Getting tired of this Special Man thing these jerkwads keep pushing. Elon went away tomorrow and the the next dude will slot right in.
Maybe it’s time for another rebrand…. ‘Ex’ formerly X formerly Twitter.