this post was submitted on 01 Dec 2023
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Elon Musk, the owner of X, criticized advertisers with expletives on Wednesday at The New York Times’s DealBook Summit.

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[–] LemmyKnowsBest@lemmy.world 26 points 11 months ago (4 children)

He bought this company. Why doesn't he sell it? He's clearly not running it well, and he regretted buying it in the first place. Let's start a petition to encourage Musk to let it go.

[–] chaosppe@lemmy.world 21 points 11 months ago* (last edited 11 months ago) (1 children)

As far as I was aware, he is technically over leveraged as he used telsa stock loan to buy it. He is probably facing a really tough condondrum rn.

[–] NotMyOldRedditName@lemmy.world 8 points 11 months ago* (last edited 11 months ago)

He isn't over leveraged, he sold stock to do it and there's a billion dollar loan or something like that.

I don't know if he's on the hook for the loan or if it's entirely twitters.

If he's on the hook he can deal with a billion no problem.

[–] Guest_User@lemmy.world 14 points 11 months ago (2 children)

Why do you want to save xitter?

[–] Raxiel@lemmy.world 24 points 11 months ago (2 children)

It doesn't have to be xitty. Change the name, ban the racists, recruit new staff who have twitter on their CV. And if it fails, you're only out the $3.50 it's worth now.

[–] Asafum@feddit.nl 20 points 11 months ago

"you’re only out the $3.50 it’s worth now."

Goddamn locness monsta always tryna get my tree fiddy!

[–] Guest_User@lemmy.world 10 points 11 months ago

Lmao when you put it like that, it sounds like a killer investment. I have a dollar spare to contribute!

[–] CeruleanRuin@lemmings.world 5 points 11 months ago

It once had the potential to be a net good. Widespread and rapid dissemination of information in an easily digestible format is a positive thing, in theory.

[–] blady_blah@lemmy.world 8 points 11 months ago (1 children)

It stokes his ego. People have to listen to him and he can promote his own voice far beyond what it's worth.

Why do you think he regrets buying Twitter? He thinks he's saving the world from leftist propaganda. He will never be poor. It would hurt to lose 40B, but not that much. Only his ego would feel it.

[–] Tinidril@midwest.social 3 points 11 months ago

An apple crate would allow him to promote his own voice far beyond what it's worth.

[–] CeruleanRuin@lemmings.world 3 points 11 months ago

Right now it would only sell at a massive loss, and there's no going back from that black mark. Xitter is the hill he's going to die on. We can only hope that happens sooner than later.