this post was submitted on 22 Sep 2023
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I firmly believe Elon is trying to run Twitter out of relevancy, or business entirely.
Lose $42 billion speed run challenge
I didn't know a coffee shop owner was so rich.
Who holds WR in EU%? You know, where endgame is getting wrecked by anti-monopoly agency.
I agree but I don't understand why. What motivated him to sink 1/4th of his net worth into Twitter then kill it?
Knowing this nutter he's probably doing it so people can't talk about the crappy Tesla QC.
The lawsuit he was destined to lose. Why do people here so often act like this was his masterplan all along? He fucked around and tried to back out, then Twitter sued him into buying the company. From what I can tell this is just Musk being Musk, reportedly he has surrounded himself with yes-men.
If that were true, the investors who paid him billions for the take over will want his head on a spike.
If you'd know who these investors are, you'd know running twitter to ground is their goal at this point as well
Ok, but why though? How do you make money when the stock value is falling?
The theory is they're not trying to make money, but is trying to make it harder to use Twitter for organizing protests or share ideas that threaten their status quo.
Interesting. So are you saying there’s government money behind this?
Biggest investor is Saudi Arabia.
Ok, so this is just a way to prevent another Arab spring from happening. Seems like a smart move until you realize that people have lots of alternative platforms too. It’s a bit more fragmented, so organizing a demonstration on mastodon probably won’t get that big that fast.
Plausible deniability, combined with opportunism. If they brought it, and shut it down, it would be painfully obvious. This could cause significant problems or pushback on them. Musk being an idiot provided an opportunity to them. They back musk, and he makes it non viable, however he wants. All the public outrage gets focused onto musk (who likes the attention).
I still can't decide between the 2 options. Either musk is just THAT big of an idiot, or if it's the result of some backroom deal. Both seem feasible.
I suspect that might have been their intent but they didn't tell Musk. They knew him doing his best would be enough to tank it.
Yeah, his ego won't allow him to fail with grace.
The biggest funders are the Saudis, who hate Twitter for the way it allowed communication during The Arab Spring. 42 billion is nothing to them. They want Twitter to die, or be run the way the want it.
https://en.wikipedia.org/wiki/Arab_Spring
As Twitter is a big PR tool for Ukraine he’s again doing Putin a favour.
I think his Saudi funders are pleased.