this post was submitted on 12 Feb 2024
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  • Elon Musk purchased shares of Twitter after unsuccessfully petitioning the CEO to remove a Twitter account tracking his private jet.
  • Musk's personal gripes played a key role in his $44 billion acquisition of Twitter.
  • Musk banned the account after promising not to, highlighting his prioritization of getting his way over free speech.

Archive link: https://archive.ph/ttBv9

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[–] BigBenis@lemmy.world 11 points 9 months ago* (last edited 9 months ago) (1 children)

All that money could have gone to something useful that would have benefited everybody and instead it went into investors pockets

[–] wildcardology@lemmy.world 5 points 9 months ago

Like the $6 billion Musk promised to end world hunger.

[–] njm1314@lemmy.world 11 points 9 months ago (1 children)

Pretty sure ended up buying Twitter because the courts made him.

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[–] SatanicNotMessianic@lemmy.ml 10 points 9 months ago* (last edited 9 months ago) (2 children)

Elon is first and foremost a con man.

He gives them the old razzle dazzle, and even tech investors get so impressed with his confidence and his technobabble and his statements like “This is ready to ship today” that they’ve just lined up to give him money.

I think what’s happening now is that the blush is coming off the rose. Elon first got his money because he was involved as a founder in a company that he was fired from because of incompetence, but kept a large enough founder equity stake that he cashed out a billionaire. Then, because money was cheap and because you hit a tipping point where it’s easier to make money than lose money, he failed upwards.

Now reality is starting to catch up with him, and he’s in a panic. He’s psyched himself out enough that he’s turned pure Trump, doubling down and becoming more outrageous instead of taking his responsibility to his companies into account.

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[–] 7112@lemmy.world 7 points 9 months ago* (last edited 9 months ago)

So Taylor Swift is going to buy it next?

[–] Resol@lemmy.world 7 points 9 months ago

Why settle your jet-tracking beef when you can just eat it?

[–] dangblingus@lemmy.dbzer0.com 7 points 9 months ago (5 children)

If that's true, Saudi Arabia probably wouldn't have given him $22B of their dollars with no expectation of a Return on Investment. They have no horse in the "does Elon look foolish?" race.

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[–] someguy3@lemmy.ca 6 points 9 months ago

I think he got talked into thinking the Twitter files were real.

[–] catculation@lemmy.zip 6 points 9 months ago
[–] gian@lemmy.grys.it 6 points 9 months ago (3 children)

Assuming this is true, there are methods to have the same result that are way less expensive...

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