this post was submitted on 07 Nov 2024
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Microblog Memes
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You're giving Musk too much credit here.
He bought Twitter because a) he's addicted to it, and b) he rushed into a buying agreement he didn't get his lawyers to vet properly (probably due to his massively inflated "I understand more than anyone else" ego).
He wanted to back out of it, but faced a lawsuit that he was almost certainly going to lose, so had no choice but to go through with the sale. The lawsuit happened because the shareholders at the time realized the company was worth nowhere close to the inflated $44 billion he offered for it, so they weren't going to back down either.
Everything else that happened after the sale is a result of a man-child feeding his addiction and recuperate from the dumb deal he was legally forced to uphold.
You are right on why he bought it. But he then got funding from outsiders who would benefit from it's transition away from effective gathering and communicating space
Yeah. I think MUSK bought it because it sounded cool and he got suckered into it. I think he got the funding for it because the people who funded him (like the Saudis) saw an opportunity to get an easy mark to break the system for them.