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54 points

Guys, I’m starting to think this Elon guy isn’t as smart as he claims…

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8 points

He’s like any other punk born into millions.

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7 points

Depends.

If he thinks Twitter is irreperably dying, this may be a way, in which he can get out of repaying the loans he used to (partially) fund the buyout of twitter.

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15 points

If you’re thinking this an “artist formerly known as Prince” sort of thing where Prince got out of a contract, I’m sure all the debt holders have the proper legal verbiage to have agreements remain valid in the event of a name change.

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10 points

How does that get him out of the loans?

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1 point
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depends how the loans worked.
I was assuming his majority shares of X (ex Twitter) collateral.
And that that he could just go “yeah, go on, collect on your collateral, I don’t mind”, because it’s not worth anything anymore.

But admittedly I have no Idea how the contracts were drawn up, if this is possible and if his other money would be available to collect on.

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18 points

The lenders lawyer arrives at the Twitter office:

Lawyer: This is Twitter, is it?

Musk: (with a fake mustache) No, it’s X.

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4 points

At some point some creditor should be desperate enough to do a margin call, since the loan collateral is next to worthless.

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18 points

No rich person is actually smart, they are all addicted to money and can’t get help over it. But their moves in the business world are all calculated, this guy is doing exactly what he wants to do and their goal is to make money not to lose them.

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19 points
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Deleted by creator
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1 point

They are lucky because the average person won’t even bother checking out on wikipedia how they become so rich

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23 points

Lucky, or in Elmo’s case, born with a platinum spoon in his mouth thanks to daddy’s apartheid emerald mines.

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10 points

this guy is doing exactly what he wants to do and their goal is to make money not to lose them.

How does this make him money exactly? lol

He is literally just killing off his website.

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3 points

My guess: the same way the now called Meta benefited from stalling facebook and moving people to their other platforms like instagram. These marketers perceive everything in market terms, twitter is old and they need to release a brand new product to hook people up

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2 points

I’m waiting for the next step when he tries to add features to make X whatever he envisions. Oh, those devs I fired. Hey, why can’t we hire anyone? No one wants to work.

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2 points

No rich person is actually smart

Counterpoint: Warren Buffet.

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1 point

Money are an addiction just like smoke, sex or drugs. If you can’t cope with being addicted to gold at the end of the day you are dumber than some kids

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3 points

An insight that’s coming a couple of years too late though.

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3 points

It’s a joke.

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3 points

I should’ve added a smiley face myself, sorry. I thought you were joking.

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