this post was submitted on 23 Jul 2023
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I'm almost certain he didn't want it at all; that it was a giant publicity stunt but he ran into a contract he couldn't default on or back away from.
It all started as a stock market manipulation scheme. Now that "Daddy" told him he had to make good on his commitments, he's throwing a tantrum and saying "well, if I'm forced to buy it, I own it. And if I own it, I can do whatever I want with it. So I guess I will can just do this!" and he proceeds to destroy it. Just another spoiled brat rich kid who doesn't like being told what to do.
i think he was forced to buy it, then went to a back alley and offered up an amazing deal for asshole billionaires; 'who wants to help me kill twitter'. its pretty obvious who footed most of the bill besides king of the idiots there.
Valid theory. Twitter was getting a lot of attention for their work to reduce the spread of misinformation and blatant racism. Both things that the republican party and their supporters seem to be firmly opposed to. It might therfore make sense to delegitimize the platform while giving a megaphone to the people who were previously being censored or fact checked.
I always say "follow the money" which is why I couldn't figure out Elon's motives in all this. It doesn't make sense to buy a company then intentionally tank it's value. But it might make sense in terms of people in power controlling another media outlet to broadcast and reinforce their narrative.
It wasn't even that. Just a dumb spur of the moment decision because he thinks he can just do anything.