Because he’s doing everything to make it fail and destroy the platform, isn’t it obvious?
No, you don’t throw away $44 billion just for shit and giggles, not even if you are as rich as Musk. Musk is (probably) a narcissist who thought he could make it work in his delusional mind.
He wanted a mouthpiece for the MAGA crowd, and he probably thought the desire in the population for it, would make it succeed, if he made the platform embrace that. He probably envisioned himself as a great liberator, who would be celebrated for bringing free speech back to America.
Musk has been losing it for a long time, and it seems to only get worse.
Who could of forseen brands not wanting to advertise over hate speech that would turn off half their customer base? I’d love screenshots of my companies products floating around next to seasticas and racism.
Also, I don’t think a narcissist would intentionally and publicly humiliate themselves the way Musk has done (Not a psychologist).
Absolutely true, being humiliated is just about the worst thing for a narcissist.
An example of that, was when Elon Musk called the diver who actually rescued 13 children in Thailand a pedophile. Imagine that, calling the hero of the day a pedophile because you are butthurt!!
He’s being bankrolled to keep it up and running for the next election. It will be interesting to see if the money runs out.
I think a lot of “hardware” people underestimate software. Historically, hardware was way more complex but the hardware problems have kind of been solved. There’s only so many ways to design a phone or laptop. Software, meanwhile, has only become more complex and challenging.
I agree, but I don’t see the point in this context?
The software to build and run Twitter, is probably not worth much besides for running Twitter. No Twitter means no value in the software for it either.
No, you don’t throw away $44 billion just for shit and giggles
Why not? Elon Musk is famously on ketamine, ambien, and a whole slew of mind-altering substances.
Given how the contract was written, and given how much Elon Musk fought against the contract, it was obvious that he made a short-term decision (likely while high on some substance), and then quickly regretted buying Twitter. Within a week or two, he started a court case to NOT BUY TWITTER, despite signing an ironclad contract.
In my mind, its really fucking obvious what happened. Elon Musk partied a little bit too hard with some mixture of ketamine+ambien+alcohol, it mixed weirdly in his brain and he made a bad decision. A few days later, when he sobered up a bit, he realized how shitty of a decision he made but it was too late to roll things back.
Everything else Elon Musk has done is just… shitty reputation management. He’s trying to convince the world he’s still got it, despite making a bad (possibly drug-induced) decision
I truly think this is all his fucking up, nothing else. He was trying to take away features that probably align with the people who gave him money, but had no idea how to make it work and make money and is desperate. Desperation makes you even more stupid.
I don’t see the conspiracy.
My assumption is the investors immediately got what they wanted. They are not stupid.
Money men don’t hand over money to these front men based on promises. This isn’t a Hollywood movie. There was an immediate pay off.
They got SpaceX stock.
Investors will absolutely hand over money to front men making bad, even obviously insane, promises, though. People are always more easily manipulated than they like to believe, but people who’ve convinced themselves they’re infallible titans of industry are even more vulnerable to it. (Especially the ones who think that they see through the scam and won’t be left holding the bag.)
I didn’t say it was a conspiracy. I said they gave him money after he was already fucking up by paying around 30 billion more than it was worth, firing all the people that did stuff, and generally being a bad CEO so he would do what they want. More of a typical business deal really.
Actually they may not be worth much either.
https://www.youtube.com/watch?v=vYURUiOjZSw
Thunderfoot has spend a lot of time analyzing most things Musk, and SpaceX specifically does not have a market (TAM) to achieve what they claim.
the only not-on-purpose piece was him having to buy it. idiot was forced to buy twitter, and then turned it into a “lets burn down a bastion of liberal speech” amongst his friends. he knows he wont suffer in any conceivable way, the saudis who fronted a huge chunk get what they want.
this was all setup shortly after he was forced to buy it. every step he has made since is in the playbook of “ruining your business”, including mistakes he has personally made before.
I don’t know. The way it’s going down, it really makes him look like an idiot. He could have just flipped the switch and turned it off as a massive demonstration of power.
Instead he’s making one mindboggingly stupid decision after another, showing the whole world how utterly incompetent he is.
The most logical explanation for me is the easiest one: if he’s making stupid and incompetent decisions, maybe he’s just stupid and incompetent.
Because he’s doing everything to make it fail and destroy the platform, isn’t it obvious?
It is tremendously obvious, I agree. At one point it felt kinda hyperbolic to say, but not for awhile now.
I’m not knowledgeable enough to be able to speculate what’s in it for him, but it’s 100% obvious that’s what’s being done.
He might call him self pro free speech, but he actually hates it (as long as it’s not his own free speech). Getting rid of Twitter is a massive blow to free speech. One less platform where he and his companies can get outed and criticized on.
It’s less nefarious than that. He wants to be a championed business leader. He’s just a fuck up who was forced to buy a platform that he never actually intended to buy (except for maybe a couple of days when he first suggested it). Sure, it will help his side when he runs it into the ground, but that’s not his intent despite being the cause.
I think that’s obvious to everyone. But, if you’re claiming he’s doing it on purpose… That’s just some next level batshit conspiracy theory.
Is it? He’s either a moron or he’s doing it on purpose. There is simply no other explanation.
At this point it’s just too many dumb decisions, if he had done absolutely nothing after taking over he’d be better off than he is now.
Delusional rich guy who’s nowhere near as smart as most people thought he was is the most simple explanation. He’s obviously got some kind of god complex and thinks he’s right about everything.
Not sure I agree. I think it would be totally in character for him to want to destroy Twitter just because they forced him to buy it. He’s a petty troll and can afford to lose that money just to show them.
How does destroying it hurt “them” he already bought it? They cashed out way over the value of the company. If I was any major shareholder of Twitter that he bought out Id be gleefully laughing at him running it into the ground now that I’m no longer invested.
People told me I was crazy when I said he bought it to shut it down. Look who he hangs out with, people with a fuckton of money who hate free speech. Very powerful people who control media empires and run oppressive regimes.
He might be stupid, but the people pulling his strings aren’t.
I keep thinking there must be some high level plan here to destroy twitter for the good of humanity. I mean it’s that or Elon actually just is that stupid. At this point the latter seems the most likely …
If he was destroying it for the good of humanity he would have to somehow destroy the concept of it rather than a single platform.
Probably best spending 40 billion on education in the harm social media can do lol.
I really do think he’s just delusional. I won’t call him an idiot because there is clearly intelligence and talent in his head, but he’s gone off the rails in some capacity whether it’s mental health issues or power crazed or who knows.
You’ve got it back to front imo. Twitter was a useful tool for disseminating info, whether for protest movements, political movements, whatevs. Pre-Musk, there was a degree of control on twitter re disinfo, harassment, hatred etc. Now, it’s no longer a useful tool for leftwing people to gather and share their thoughts; it’s no longer a useful tool to disseminate information; it’s no longer a tool for rallying protestors.
Look at who invested (Saudi kingdom); look at when Musk took it over (mid-terms); it seems pretty obvious to me that the takeover was a very expensive purchase to make the actions of oligarchs & despots that much easier.
Wah, every other platform is a left wing mouthpiece. But you want your cake and to eat it too? Listen to yourself.
You’re free to “make your own” website. Remember that?
That was my original thought when he came on and immediately fired 75% of the staff. It’s not some savvy slimming down or cost-cutting. It was more like a wrecking ball.
It was fairly clear that his overall desire was the make the platform less useful for liberals and more for conservatives. It seems like he is content to destroy it if he can’t achieve the latter.
“Everything was fine with our system until the power grid was shut off by Dickless here.” — Ray Stantz, Twitter engineer
He has like 18000 children.
Plenty of awesome people are dick-free, and being dick-ful in no way suggests competence or any other positive trait.
Edit: ITT: omg tech bros are so toxic Also ITT: dick measuring
I think it was a joke
https://getyarn.io/yarn-clip/cfcee9b0-1b4f-49f0-b857-584bd28c119b
Although unlikely, it’s possible he has testicles they harvested sperm from and doesn’t actually have a dick. Although, I think it’s far more likely he has a micro penis that’s barely functional, that he uses to impregnate women he’s somehow conned into tolerating him.
Sure it’s his money but does anyone else feel legitimately frustrated at all the good that this money could have done?
Rich dudes have always had vanity projects, but there is no grand concert hall or library or university to come out of this. Just a ruined company with millions of wasted hours of effort. For nothing.
Definitely prefer the vanity projects of the past. Libraries, city halls etc
The nice thing about our economic system is that value is rarely completely destroyed, the money he paid for Twitter didn’t cease to exist, it went to former Twitter shareholders.
They may be using it in more productive ways than he ever would.
Just to add a little explanation to those who don’t get it: the man-hours spent by people working for then Twitter now X as well as resources used, uktimatelly for producing no wealth, could’ve instead been spent for something that did produce wealth.
Same amount of input money either way, but one produces wealth (in the economic sense of the word rather than merelly monetary) and the other just wastes manpower and resources.
millions of wasted hours of effort. For nothing.
aah, Social Media in a nutshell.
It doesn’t work that way. Almost all of the money in the world is debt owed to someone else. Very few things are bought with cash. It is really credit on credit on credit on credit. And all of that depends on trust. My company gets product from your company today with the promise to pay in a month, your company does the same…
When events like the Twitter buyout and burn happen it weakens trust. Which weakens credit. Which means the virtual money is gone.
For the record, It wasn’t failing until Musk came in.
It also wasn’t really successful before he came in either. It rarely was profitable and usually operated at a loss.
I mean Musk has seemingly made every bad move imaginable, I can only imagine the ideas he’s been talked out of.
It was losing money, but not much. They could have made some minor changes to make it profitable. However ~8000 people were making good salaries working for them, and tens of thousands of people and businesses benefited from the platform. Now it’s much smaller, less useful, and still not profitable.
Twitter’s success wasn’t monetary. The success came in allowing ordinary people their soapbox at a global town square.
Look at what happened to the price of insulin with a single tweet made back when all the blue checks were in complete free-for-all. A single tweet, made by a random person, thoroughly changed the shape of that one industry. Twitter gave “power” to the people, and those like Musk weren’t comfortable with that.
Ugh. This “global town square” nonsense needs to die.
Twitter’s business was selling ads. They don’t give a flying festerooni about fostering a healthy public discourse. Nearly every part of the technical and UX design was actively hostile to “the people” being able to express themselves in a meaningful way— The entire premise was a character limit that while fun also made it literally impossible to provide meaningful context or nuance to anything, and whether you were just scrolling or trying to reply to people, you never got to see anybody else’s honest opinions either but instead you were fed a carefully algorithmically curated drip of out-of-context ragebait and feelgood fuzzies designed only to keep you stimulated enough to keep on scrolling so they could report a higher number to investors in their next quarterly report and sell you to more ads.
The entire place was always an artificial environment designed to prey on and monetize your attention span; Unless you were replying to somebody you knew, it was never a place for any kind of authentic interaction, much less some kind of grandiose “global town square” that “gave power to the people”.
Twitter may have given certain individuals the tools at some points to trigger positive change. The insulin example was probably the best-case-possible outcome from Musk’s fumbling of the verification system, but it was an accident. And in the meantime, when Twitter does get used deliberately, it has spawned a terrorist group that has murdered and enslaved thousands of people, turbocharged the decline of the most powerful and wealthiest country in the world towards either autocratization or polarized paralysis, and fueled many, many actual full-blown civil wars. (This is what happens when your revolution isn’t built on solid foundations.) Plus, you know, all the harassment, stalking, rape and death threats, political interference, privacy concerns, mental health effects, and actual bots used by malicious actors (which reputable sources tend to estimate at tens of millions in number).
Twitter’s a corporation. They never cared about being a “town square”, only about being seen as such by users so they could line their own pockets. And Elon Musk is just an idiot. He’s not some scheming genius (though he clearly tries to be); he’s the same as any rich idiot discovering the hard way that no amount of ego will make up indefinitely for lack of competence.
It’s just the way they are, no silly conspiracies or battle between good and evil required. Twitter’s amoral, rather than immoral, and Musk is immoral, but it’s in a flailing self-destructive way rather than a conniving Machiavellian way. They’re acting out their nature, and we get caught up in it.
How many actual terrorist groups were we going to let this corporation create in their pursuit for profit before finally admitting that maybe the entire idea was bad from the start? Currently, the immoral idiot is destroying both his own credibility and also the amoral corporation for us all, and really, this is probably almost the best possible outcome.
i was no fan of twitter, but it was on a path to achieve some financial stability. It had plenty of value as a mechanism to distribute emergency (or other) information quickly. was and had being the operative words here.
Yes, I agree. Investors want explosive exponential growth but there is great value in stable, slightly profitable companies that produce social goods. For example,.Twitter was unique in getting emergency information out; in real.time reporting; in sending out traffic and commuting alerts; in directly and quickly communicating issues with private companies.
Once it fails then someone will buy it cheap and rename it twitter.
…I guess it was indeed a disaster because I can’t remember even hearing that name before.
https://en.wikipedia.org/wiki/Bebo
originally operated from 2005 until its bankruptcy in 2013
It was announced in January 2021 that it would be returning as a new social media site the month after. By May 2022, it had once again been shut down, without having ever left beta testing.
