General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI'm now convinced that Elon is deliberately killing Twitter.
Everything he's done so far is performative and does nothing to solve Twitter's real problem, a poor business model. My guess is that he was always going to take Twitter into bankruptcy from the very start.
think he would be called a vulture capitalist.
RockRaven
(14,950 posts)a total of $15-20B would have in the case of him intentionally, with forethought, borrowing all that money only to declare bankruptcy ASAP (beyond whatever collateral they hold)? And is there any fraud-type criminal exposure when acting that way?
Yavin4
(35,427 posts)He may be trying to take down Twitter, as well as the tech workplace culture, in order to shut down Progressives. Twitter is a primary hub for young people to organize.
GenThePerservering
(1,797 posts)Hassin Bin Sober
(26,318 posts)I remember once reading about mailing lists and how the most valuable names were people who sent money to preachers.
The name of this game has to be selling personal information.
Can you think of a more valuable cohort of potential griftees?
He knows advertisers - with the exception of boner pills, crypto scams, and baldness cures - are running for the exits.
Hell pull a trump: File bankruptcy, stiff the vendors, stiff the lenders, and then pocket the profits after everyone else takes a haircut.
Then claim he invented Twitter.
SomedayKindaLove
(529 posts)JT45242
(2,258 posts)Even if you lose 70-80 percent of the value that leaves more than 100 percent seized because of sanctions against Russian oligarchs.
Plus the Saudi backers are happy to kill twitter as a method for dissidents to communicate.
Seems like a purposeful self sabotage.
Frasier Balzov
(2,640 posts)He had a digital cash project years ago which eventually became PayPal, but which never fulfilled his vision for small peer-to-peer transfers or a native internet currency.
The town square aspect of Twitter attracted him as an investment because of all the existing users who he thought might adopt his payment platform.
Advertisers are taking a time out from Twitter, but will return for the eyeballs unless there is a mass exodus of users.
Personally, I think Musk would have been better off acquiring Western Union. That company is much closer to the business he wants to be in, and could benefit from the technological innovations he might bring. It would have been a less expensive and less controversial takeover.
Musk erred.
Demobrat
(8,967 posts)tried to get out of it, found himself stuck, and is now bouncing around like a pinball from day to day without a clue where he wants to go with it, never mind how to get there.
Or maybe thats just my takeaway from watching him fire people on Friday and call them back to work on Monday.
Doesnt seem
. Thought out.
Midnight Writer
(21,733 posts)Initech
(100,054 posts)The fact that hes letting white supremacists and people who threaten to murder back on the platform is stunningly evil. Ive compared him to Surtur destroying Asguard. And I think its a just comparison.
Trenzalore
(2,331 posts)He's the equivalent of a bipolar person in a manic phase off their meds. He has a vast fortune to blow throw so the crazy should last a while.
Chakaconcarne
(2,438 posts)He's laying the groundwork with twitter.
womanofthehills
(8,685 posts)Adds are coming back too. He is going to add all kinds of new stuff to Twitter - like an all in one service. Not saying this is good but it seems to be where so many companies are going. He posted about a new add service one day and the next day - lots of new adds in this format. What would be his motivation to fail? Its much more to his benefit to succeed. People dont realize the majority of Twitter users are not in US.
Link to tweet
?s=46&t=pO0sDwHZKlnDEhD3onE6TQ
Link to tweet
?s=46&t=pO0sDwHZKlnDEhD3onE6TQ