We can only hope 🙏

  • !ozoned@lemmy.world@beehaw.org
    link
    fedilink
    English
    arrow-up
    32
    ·
    1 year ago

    He’ll spin it like it was sone master grand plan and his zealots will eat that shit sandwich up and ask for poop nuggets for a side.

    • Captain Apathetic@lemmy.captainapathetic.cfd
      link
      fedilink
      English
      arrow-up
      4
      ·
      edit-2
      1 year ago

      Yea somehow selling the company off at a massive loss will be his “high IQ business plan” and not what it really is: the result of him committing to a deal, realizing it was a bad idea but then being forced to go through with it so he pretended he did it for “muh freeze peach”. I almost wonder if the reason he’s been pandering to the right is gonna to run for office for something like Governor of Texas and use that as a grift to recoup his losses from his Twitter blunder, though that’s speculation going to conspiracy theory territory.

  • 0xtero@kbin.social
    link
    fedilink
    arrow-up
    30
    ·
    1 year ago

    I’m always annoyed how these types of news are categorized as “technology”, when they’re clearly just “business and finance”.
    Yeah Elon owns companies that do “tech”. He has lot of money, because he’s “business and finance” type.

    I wish we’d talk more about actual tech than just the rich white dudes who sit on a pile of gold.

  • Artemisia@beehaw.org
    link
    fedilink
    English
    arrow-up
    14
    ·
    1 year ago

    Twitter was a hellsite before Musk took over. Even if it could be restored fully to its “former glory” it would still be a hellsite, particularly for minorities.

  • Banzai51@midwest.social
    link
    fedilink
    English
    arrow-up
    10
    ·
    1 year ago

    I think Musk has to worry less about losing Twitter than getting booted from Tesla. There have already been a ton of shareholder grumbling about him being distracted and Tesla being tied financially to the Twitter debacle.

      • MisterMoo@kbin.social
        link
        fedilink
        arrow-up
        6
        ·
        1 year ago

        For $90 billion. No wait; I want out of this thing. Something something bot accounts. Wait, it’s going ahead and this isn’t just some shitposting I did for fun? Ok that’s fine. That’s what I meant to do. I meant to buy it. I’m a billionaire after all. We must be smart.

  • abff08f4813c@kbin.social
    link
    fedilink
    arrow-up
    5
    ·
    1 year ago

    I mean maybe that’s the plan. He tried to back out of buying Twitter because he knew it would hurt him - now he’s trying to extract as much wealth as possible from Twitter before making it self-destruct, so he at least breaks even and can pay all that debt back without taking any losses himself.

    • Givesomefucks@reddthat.com
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      There was escrow fail-safes.

      If they didn’t pay, there was funds sitting there to avoid downtime.

      Took a while to burn through them, then they never got replenished.

  • NecoArcKbinAccount@kbin.social
    link
    fedilink
    arrow-up
    4
    ·
    1 year ago

    I could see it happening honestly. He refuses to pay his bills for critical infrastructure, Twitter is getting evicted from one of his main offices, and now there’s a growing debacle with ads being shown with neo-nazi propaganda; if those ad companies start to pull out it’s game over for Twitter, and possibly a good chunk of Elon’s wealth.

    • bruzie@lemmy.nz
      link
      fedilink
      arrow-up
      9
      ·
      1 year ago

      An office they didn’t even inhabit. Read the crazy story from someone who was there: https://mastodon.social/@rodhilton/110561579833908574

      tl;dr: Twitter had plans to build out a massive office to consolidate all the small crappy offices they had in Boulder, CO. Pandemic came along. Jack Dorsey says everyone WFH permanently. Nobody thought to cancel the build. Build complete. Grand Opening (but don’t show the hundreds of empty desks). Elon acquisition. Payments not made. Court-ordered eviction of new office building that wasn’t occupied.

      • NecoArcKbinAccount@kbin.social
        link
        fedilink
        arrow-up
        3
        ·
        1 year ago

        …what the hell? Why didn’t Jack Dorsey cancel the project once he decided that Twitter would be remote work only? Reeks of incompetence tbh, seems like the company was already having leadership issues before Elon took over.

        • Givesomefucks@reddthat.com
          link
          fedilink
          arrow-up
          2
          ·
          edit-2
          1 year ago

          Because the building was an asset during the sale…

          On paper it was “smart” to have it there because it was a tangible asset. Long term it was a waste of money, but canceling would have been worse before the sale because it would have been an immediate loss affecting the price.

          Just kicking the can down the road

  • cykablyatbot@lemmy.fmhy.ml
    link
    fedilink
    English
    arrow-up
    3
    ·
    1 year ago

    Sure. Just like he was with Tesla, which was never going to succeed, or if it did, be a niche market. Or like his even crazier idea to start a private orbital launch company.
    Like one prominent investor said about Elon in general, I wouldn’t invest in Twitter but I wouldn’t bet against Elon either.

    • Hypx@kbin.social
      link
      fedilink
      arrow-up
      10
      ·
      1 year ago

      Stop worshipping a right-wing asshole. He just steals ideas or runs outright scams.

      • cykablyatbot@lemmy.fmhy.ml
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

        “Stealing ideas” isn’t a thing. Ideas are a dime a dozen. Prototypes are much rarer. The even more difficult part is taking things and mass manufacturing them in a way that people can afford and also want.
        There’s no scam to manufacturing a million cars a year. Nor is SpaceX remotely a scam.
        No matter how much of a dick he is on Twitter it doesn’t mean he is stupid and can’t build and organize companies that work really, really well. Nothing about doing that depends on someone being a “good” or likeable person.
        I don’t worship anyone. But I don’t make up reality just to fit with my beliefs about how things should be according to my ideology.

        • Hypx@kbin.social
          link
          fedilink
          arrow-up
          14
          ·
          1 year ago

          He didn’t found Tesla. He truly did steal the company. SpaceX is ran in such a way where he is basically isolated and prevented from doing anything of consequence. Twitter is the first time we actually get to see his real level of ability.

          • cykablyatbot@lemmy.fmhy.ml
            link
            fedilink
            arrow-up
            3
            ·
            1 year ago

            You mean invested in it. Then took over as CEO when the board voted the former CEO out because he was spending everything they had without getting close to producing a car they could manufacture.
            Telsa never produced any cars until Musk was running it.
            The continued success under his leadership for the ramp ups for the Model S and and full on ramp up to mass manufacturing the Model 3 kind of demonstrates that. To say nothing of Spacex.
            \What did Eberhard do after Tesla again?
            Saying he did nothing of consequence at SpaceX would be claiming that everyone who worked with him there is flat out lying. People don’t talk smack about their former employers even if they don’t like them or think they are idiots… But they don’t make an effort to praise their abilities in that case either. I’m thinking it is more likely that you aren’t exactly in a position to know more than they do.

            Twitter would be the only mature company with any previous success that he actually ever bought into and the only one he did not build from the ground up. Eberhard building a crap foundation that needed a lot of rebuilding doesn’t count.

            I know you don’t want any of this to be true because he’s a dick. But the world isn’t a Hollywood movie where the bad guys get what you think they deserve and only the nice people are brilliant.

            • Hypx@kbin.social
              link
              fedilink
              arrow-up
              8
              ·
              1 year ago

              Then you are free to indulge in your fantasies. The rest of us can just look at Twitter and see what it really implies.

              • cykablyatbot@lemmy.fmhy.ml
                link
                fedilink
                arrow-up
                2
                ·
                1 year ago

                How are you able to see what’s going on at Twitter? Do you work there in a position where you have a decent overview of the company?
                And sure, he might totally run Twitter into the ground. Like I said, I wouldn’t put money into the company. But it’s about where every other company he has run was, so I wouldn’t bet against his success there either.
                The idea that if he fails at making Twitter a success means he is an idiot and Tesla and SpaceX are a fluke are delusional though.

                • tangentism@beehaw.org
                  link
                  fedilink
                  arrow-up
                  6
                  ·
                  1 year ago

                  Considering that Tesla & SpaceX have been dependent on government subsidies or selling carbon credits, they are not really a success in their own right.

                  Both have been propped up.

          • SoupOfTheDay@kbin.social
            link
            fedilink
            arrow-up
            2
            ·
            1 year ago

            He didn’t steal Tesla, he bought it. He’s been an investor since the first round. The guy is a complete piece of shit, but he is/was a good salesman. He’s the South African Steve Jobs. He doesn’t create/build, but sells.

              • SoupOfTheDay@kbin.social
                link
                fedilink
                arrow-up
                3
                ·
                1 year ago

                I agree Musk isn’t a visionary. At one time I might have argued differently, but with his public face and Twitter disaster it’s pretty evident that he’s just a rich guy who finds something neat and throws money at it.

    • Cinner@kbin.social
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      I hate Elon as a person as much as the next guy, but I’m sad to see Lemmy users with the same inability for emotional override as the average redditor. How this has downvotes is beyond me.

      • dedale@kbin.social
        link
        fedilink
        arrow-up
        3
        ·
        1 year ago

        I think it’s a survival reflex. People pick up on popular trends, and follow them so they don’t get lynched. It’s hard to unlearn this kind of conditioning, even if you move to a relatively safe environment.