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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWill King Elon of Twit Burn the Twitterverse Down?
For me, this is one of the funniest stories going on right now. A guy who thinks he is smarter than everyone drops 40 Billion plus to buy a company that has been overvalued for some time. Then, he tries to back out of the deal and, when they sue him, he buys it anyway to spite the board of directors.
Then, to demonstrate his vast intelligence, he fires a quarter of the employees, including many who are the ones who keep that behemoth of coding operating on a daily basis. After that, he tells everyone who is left that they have to come back and work in an office. Then he cuts off the free lunches because expensive.
He has no understanding of how the company operates, and has already fired those who do understand that.
So, he trashes the verified status symbol that identified celebs as the real thing, selling that status for $8 per month to all comers. Predictably, they sign on as people they are not, but they get the coveted checkmark. Oops..."we'll change the color of the checkmark for the real verified Twits." Yes, that will do it.
I don't know, but he's not looking like the smartest guy on the planet, really. I heard a recording of some stuff he said in a conference call recently. Not an articulate fellow, it seems to me.
I'm not seeing a good ending to this story for King Elon of Twit. Nope. Meanwhile, he is absent from his battery car company, and his space company is shaking buildings in Texas and scaring the local residents with his test of "the largest rocket ship ever launched."
Smart guy? I'm thinking not so much. The center cannot hold over there in the Twitterverse, I'm thinking.
Ocelot II
(115,900 posts)Or a pod full of pee, or something like that. TFG bankrupted almost every business he touched - steaks, wine, a fake university, a crap airline - and he couldn't even make money running casinos. Musk is the same guy (come to think of it, have you ever seen them in the same room together?), thinks he's the world's most brilliant businessman, does it all to inflate his ego. He's the Hindenburg at Lakehurst. The puffier they come, the bigger the explosion.
MineralMan
(146,338 posts)jmowreader
(50,567 posts)I especially like the football league. He didnt just bankrupt himself, but lots of other people in that one.
iscooterliberally
(2,863 posts)MineralMan
(146,338 posts)keithbvadu2
(36,962 posts)They got out at just the right time, even if not by their own choice.
Would anyone doubt that Elon would cheat them, just as Trump would?
MineralMan
(146,338 posts)That's a requirement when taking a company private, I think.
Treefrog
(4,170 posts)I would love to see the end of Twitter.
Hekate
(90,865 posts)Its a very long article, but thoughtful. As I said yesterday think how much hes accomplished in just One Scaramucci.
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Page A2, Nov 14, 2022
Is Musk a genius or idiot? Look at Twitter
Hes taken some dumb steps since buying the social media platform.
At the heart of Elon Musks public persona is his image as an engineering and managerial genius.
*Snip*
Musks actions since taking over Twitter on Oct. 27 have been so destructive to the platforms functioning and reputation that the question is raised of whether, rather than being a genius, Musk is in fact an idiot.
Perhaps thats extreme. But its proper to examine how and why someone so unquestionably successful in his business career thus far has gone off the rails now.
*snip*
What Musk doesnt appear to recognize is that his own behavior is driving away users and advertisers. Since his takeover, he retweeted a crude, crass and fabricated conspiracy theory about the violent assault on Paul Pelosi *snip*
How could someone so reputedly smart do such stupid things? To begin with, its not unusual for someone with a distinguished and accomplished career record to veer into crackpotism. Among the best known examples in science and engineering are Nobel laureates William Shockley and James D. Watson.
Shockley received his Nobel in 1956 as a member of the team that invented the transistor at Bell Laboratories. His management skills were so atrocious that he single-handedly destroyed his own company, Shockley Semiconductor.
He subsequently became known for advocating the overtly racist theory that welfare and relief programs prevented natural selection from killing off the bottom of the population, giving inferior strains such as (in his view) Black people, increased chances for survival and reproduction.
Watson, who won his Nobel with Francis Crick and Maurice Wilkins for their discovery of the double-helix structure of DNA and later headed the Human Genome Project for the National Institutes of Health, veered into asserting that Black people are intellectually inferior to whites and attributing the difference to genetic factors.
The claims turned him into a scientific unperson, in his words, and lost him sinecures at business and scientific institutions.
Both mens arguments are contradicted by science.
The phenomenon extends way beyond science its a human condition, says John P. Moore, a professor of microbiology and immunology at Cornells medical school who has written about the career of Peter Duesberg.
*snip*
Moore attributes some of these renegade behaviors to midlife crises suffered by smart individuals whose careers or professional recognition hasnt lived up to their expectations. Racked by professional jealousy, they seek validation from other communities.
You become a hero to fringe people, and then they embrace you, Moore told me. If you have that psychological need for some kind of affirmation from people youre interacting with, it must be very seductive.
*snip*
Those circumstances may not fully fit Musk, though his emergence as a champion of anti-liberal conspiracy theories certainly has made him a darling of the far right. More relevant may be the observations of Oxford psychologist Kevin Dutton in his 2012 book The Wisdom of Psychopaths.
Dutton defines psychopaths as not necessarily violent or criminal but as those who are fearless, confident, charismatic, ruthless and focused qualities that can be beneficial for, say, surgeons or pro athletes, and would seem to suit Musk perfectly.
They need to be kept under control. If you push all of them to max, Dutton argues, the product will be no use to anyone. But if theyre wielded by degree, you may well have a surgeon whos a cut above the rest.
Musk seems to have turned up his qualities of fearlessness, confidence and ruthlessness to the max. One consequence appears to be his resistance to learning anything from business history or, indeed, from his own business career.
Musk has fallen into the trap of hubris by misreading the success of Tesla and SpaceX as testaments to his personal wisdom. Both companies, however, have relied on unusual, if not unique, advantages.
Tesla has collected enormous government subsidies
Much more
MineralMan
(146,338 posts)Twitter is a different sort of enterprise than the hard enterprises he is already in. Twitter makes nothing that can be sold. Twitter simply exists. It attracts millions of people who use it to communicate in one way or another. If people like to use it, it stays popular, so the product, advertising, can be sold and displayed to those people.
However, if you screw it up and people no longer like it, POOF!, it can be gone in a flash and become worthless.
Musk has no clue about people. None at all. I suspect he's on the autism spectrum somewhere. Twitter is not a good fit for him.
keithbvadu2
(36,962 posts)I wonder if the lenders/investors have given him all the money yet.
They surely have some clauses in their contracts about prudent management.