Elon Musk has said and done a lot of weird and outrageous things during his tenure as the owner of Twitter (now X), but we may have just seen the weirdest and most outrageous.

  • hitmyspot@aussie.zone
    link
    fedilink
    English
    arrow-up
    36
    ·
    8 months ago

    He overpaid. You don’t need to tank it’s value to get rid of it. You can sell it for less than you paid, or less than it’s worth for a quick sale.

    The value is tanking because he’s not a competent CEO, not as part of a plan.

    • demonquark@lemmy.world
      link
      fedilink
      English
      arrow-up
      13
      arrow-down
      1
      ·
      8 months ago

      The money doesn’t matter.

      We all know he ran it into the ground. However the twitter trademark is still worth something. It’s probably the only part of company worth buying. Which is ironic given that he changed the name. Regardless, someone might be willing to pay ~1 billion for it.

      Which is what a smart ceo would do. Musk is not smart. He’s a spoiled little brat. Musk’s ego can’t handle the fact that anyone who buys twitter could make the company profitable (something he failed at spectacularly) by doing the exact opposite of whatever the fuck he’s doing. I.e. by proving that all his ideas are stupid.