Buying a multi-billion dollar brand and then rebranding it has got to be in the top 10 all time most smoothbrained business decisions ever, right up there with New Coke and Blockbuster not buying Netflix.
He probably could have started his own social media site to compete with Twitter for 1/1000th of the cost and still have all the Elon poleriders hop on board. It would still be exactly as shitty as X is today, but it could have been done without destroying something somebody else built up. Not that I care, because fuck Twitter too, but if we’re looking at this from a purely strategic perspective it’s so blindingly obvious this was a bad business move.
Should’ve taken the L and paid the fine instead of buying it outright.
Social media as it’s worse.
Facebook, Instagram, X and WhatsApp, all toxic waste.
At least there are platforms like Lemmy, where people (most of the time) share knowledge in an “anonymous” environment, which is actually brilliant for passing on information to the next man, without the toxication and promotion of suicidal tendencies.
Social media in the common sence always was a cancer in our modern society.
One of the best thing I did till this day was to never have open a Facebook account. I see that as a personal merit!
Who knew fascism wouldn’t be the rage?
Could that have ever been the intent?
I refuse to believe it was intentional, as that means Elon is smart. As opposed to the more likely, Hanlon’s.razor, explanation is that simply, Elon is a fucking idiot.
