An estimated $4 to $20 billion in value, what is he thinking?
Honestly, after this, and hearing some of his recent interviews: I am genuinely convinced that not only is Elon Musk not a genius, but he possess subpar intelligence. You can’t convince me otherwise, I am 100% convinced that the dude is just a clinical moron.
There has been a meme comparing Elon Musk to Wheatley from Portal 2 being put in charge of the whole Aperture Science center and it immediately going to shit, because this robot was literally purposely designed to be a moron… It keeps on getting truer.
To me, he is like Trump, people thinking the dude is a genius, and he’s constantly playing 4D chess, but over time, everything ends up proving that the simplest theory is the correct one, the dude is just a fucking idiot. A man so profoundly stupid at their core that people had to convince themselves, he actually was a secret genius for their nonsense to make sense, like believing that Jar Jar Binks was secretly a mastermind Sith Lord.
If there ever was a perfect demonstration of wealth not equating intelligence, or even merit, the absolute inexistence of meritocracy, this might be it.
It’s even worse than that.
Musk is practically stuck in a 13yo’s mindset. The golden spoon has been sticking out of his arse since birth, but of course momma and poppa will make little Elmo believe he’s a genius because he has… gasp… ideas.
So they push a shitton of money into his education and ideas, and of course he gets stuck in the typical preteen daydreaming phase of being a genius billionaire who can never be wrong. The money allows him to surround himself with people who actually KNOW how to deal with stuff - including making sure he can’t screw things up. And that’s how the whole Musk Management department of SpaceX was practically born.
But now Twitter is a different story, all his safety nets are gone, and it’s all on him. Of course he fumbles it big time.
Simply said, yes, he’s an absolute moron. With more money than common sense or logic or talent or knowledge or… Okay this list could go on for a while, I think it’s best to stop here.
The biggest irony is that with Emerald Boy 100% preoccupied with Twitter, his other companies are flourishing.
Didn’t get essentially buy established companies and then pretend he invented them.
Tesla and spacex for sure. PayPal was created by merging with another company that did a lot of the work.
He does indeed have a history of paying his way into looking like a visionary and/or an engineer. He bought into Tesla in early 2004, it was founded in mid 2003.
His comfort zone was convincing people to give him money for one really ambitious thing, and then using that money to achieve some other thing (that no one would have given him money for) that is sort of on the way, but which has commercial value to him.
For example, he has repeatedly said his companies will deliver full self-driving cars by dates that have passed - and convinced investors to get him in a position to compete with companies like Toyota, promised a ‘hyperloop’ and got funding to compete with other horizontal drilling companies, promised to send people to mars and got to compete with other satellite technology companies.
So making big promises paid off for him. For the investors, in terms of long term value, they might have been better off investing in existing companies he ended up competing with.
But I suspect he is now outside his comfort zone, and might not even realise how far out of his depth he is.
https://time.com/6203815/elon-musk-flaws-billionaire-visions/ the Hyperloop only exists to thunderfuck public transportation projects. Stop giving him benefit of the doubt.
I really liked the Some More News episode on this! It explains pretty well how regardless of a rich person’s intelligence they probably get corrupted by mental distortions due to being rich. That is, Elon haa probably been powertripping for too long and lost all basis on how to take good decisions because he lives in his own rich fantasy world thinking he accomplished everything because of his own superior genius…
I worked for a guy, many years ago, small scale version of Musk. Guys like that hate to be contradicted. He had gone into partnership with my old company - which was a digital election company (back in the 90s and early 00s). We prided ourselves on our security and anonymity measures. Under this new company, this guy because CEO, and the first thing he did was tell everyone we could make “millions” by selling user data. I pointed out that violated out privacy and anonymity standards, and not even the next day I was reprimanded for speaking out.
You don’t need to be a billionaire to be stupid. Affluent is enough of a threshold. These are all grifters, granted many being successful. The grifters in this company were big fish/little pond. But they ruined a lovely little company that could have been stable and steady, recession-proof income for decades. Instead, they grifted the angel investors, ran the company into the ground and ended up spawning dozens of competitors in the field whereas before there were only 2 or 3.
These guys go from start-up grift to start-up grift, maintaining their affluence on the investor’s dime. I would say they, and the vulture capitalists they dance with deserve each other, but unfortunately, regular folks are always the collateral damage.
Musk was likely always an idiot, but was propped up by money, and earlier on either knew his place (as the “faceman”) or was adroitly distracted from direct involvement with the actual running of the company he bought.
On purpose.
Only clearer by the day that this was all an exercise to intentionally kill Twitter to the benefit of billionaires, fascists and other extremists.
Twitter existed as a relatively free and open public space to communicate, organize and assemble to take actions for and against things at scale before musk (e.g. The Arab Spring, a terrifying moment for the Saudis especially - the second largest shareholder behind musk).
When people collectively laughed at elon and his cringe, inbred, emerald boy antics or his humiliating divorce and other routine failures, Twitter was the bullhorn.
Now elon and his desperate far right Toadies will work to try to rewrite reality so they can eventually have this conversation:
"Twitter? What’s a Twitter? Wait, are you talking about blork? A bird? No, blork’s logo is a dinosaur with chainsaw arms… and everyone wants to be his best friend… and it’s against the law to divorce him… and he’s cool… and…"
What an everlasting tool history will remember you as, elon. If they remember you at all, it will be to laugh at you - you’ll never outrun that.
What an everlasting tool history will remember you as, elon.
Biggest tool in the history of tools.
Only clearer by the day that this was all an exercise to intentionally kill Twitter to the benefit of billionaires, fascists and other extremists.
When I initially heard about Elon paying what he did for Twitter my first thought was he’s buying it to kill it, then I thought nobody in their right mind would spend that kind of money to carry out a personal vendetta. Now I think that’s absolutely what’s going on.
I believe he’s killing Twitter purely for personal reasons (he hates it because people gave him shit there). I don’t think there’s some kind of grand social agenda. It would require an assumption he cares about someone other than himself. Unlikely as the guy’s ego extends past Planet 9.
He needs daddy’s approval and the other billionaires are surrogate daddy. That would be the social agenda influence you’re referencing. Look at how desperate and odd he was on stage with dave chapelle, that was a core view into his base self, he needs to be praised. He’s also a eugenics/natalism cult member and sees the wealthy as his equal, superior “race” of people - so he would 100% sacrifice a lot for even their passing approval.
I’m inclined to agree with others here in the thread. I honestly don’t think this was an intentional action designed to tank Twitter. It may well be doing just that, but frankly, Elon has proven time and again that he’s a world-class idiot.
Musk did not pay $44 billion to buy Twitter. He paid $26 billion, underwritten by stock in Tesla, which subsequently lost significant value. $5 billion was from other investors including the Saudi Prince.
The remaining $13 billion was a loan Twitter took out to buy itself on Musk’s behalf. Even before Musk started tanking the revenue, Twitter could not afford that debt - the interest alone was comparible to its revenue. That debt is probably about what Twitter is worth right now after the name change, making it pretty much unviable as a business.
You don’t have to look at Musk’s antics to conclude that the intention was to kill the company. You only have to look at the financials.
Leveraged buyouts almost always lead to the business closing. It’s how Toys R Us, and many other staple brands, were brought down.
Tesla stock is worth more now than when Twitter went private.
And if Musk intended to kill Twitter, he would have simply shut down the servers last year.
What you are seeing is the result of mistakes, not a conspiracy.
Twitter isn’t and never was useful as an organizing tool. Arab spring was a failure. Twitter is actually more useful to the ruling class than not because it gives a way for the masses to expend it’s restless energy without changing anything.
Of course there are degrees of usefulness and different types of organizing, but generally, your wrong here in your first point. Some merit in your second claim, but overall, it’s something they likely feared to a degree as a point of connection and amplification of information.
Everything is tweets now, on all platforms; hear me out.
It might sound lazy, and I certainly have no loyalty to the Twitter brand, but if Musk isn’t going to defend it we have the opportunity to dilute and generalize the term (like zipper or band-aid). We can kill it dead AND reclaim it.
It’s a good word! Short, sweet, has familiarity, and is honestly pretty descriptive for the simple bird-like chatter of the discourse. Everything else proposed sounds dumb as hell, not to mention you’re doing the marketing for them. Don’t sell their brands - suffocate them!
I’d rather just use the term post or comment. Like on Reddit or Lemmy, how do you determine what is a tweet? It’s posts and comments.
