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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)

submitted 1 year ago by bernieecclestoned to c/[email protected]

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[–] [email protected] 23 points 1 year ago (5 children)

This serves him somehow, not sure how but he's used social media and PR to make money through market manipulation before.

I doubt his mental math is accurate on the value loss anyways.

[–] whats_a_refoogee 18 points 1 year ago (3 children)

Or he's just a narcissist that can't run a company if he's not held on a leash by people who actually know what they're doing.

[–] [email protected] 6 points 1 year ago

He got high on his own supply. The man created quite the aura by leveraging his less-than-glorious Paypal past, his taking over of Tesla and actually doing some interesting things with SpaceX. His companies achieved some genuinely impressive feats which he gladly attributed to himself and probably confined himself to his perceived genius and infallibility.

Hopefully, Twitter will be a teaching moment for him but so far he seems to just double down on his mistakes.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

He's held on a leash alright.

[–] [email protected] -2 points 1 year ago

I doubt that's true, or he wouldnt have managed to take Tesla from a prototype and a few million dollars to billions, and then again with a rocketship contractor from scratch.

It's possible for people to be evil/immoral and also good at what they do, I don't get what the obsession with painting him as a dip shit who managed to accidentally make multiple successful global enterprises.

If it was really that easy to fail upward when managing these businesses you'd see a lot more of them.

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