3 ms·
> Twitter is a disaster clown car company that is successful despite itself Isn't this the best kind of company to acquire ? A product that has such inherent v
by screye 4y ago
> Twitter is a disaster clown car company that is successful despite itself
Isn't this the best kind of company to acquire ? A product that has such inherent value that even a bumbling clown car of company could not sabotage its ability to retain users. Imo, Reddit and Twitter have monopolized 2 of the most effective forms of communication to have existed on the internet: Forums and memes (memes in the Dawkinian sense) and their tiny size is entirely a result of terrible leadership.
While musk didn't buy it for a particularly cheap price (at least in Winter 2022 prices), He should be able to justify the net worth as well as any competing tech company will be able to.
To quote Charlie Munger:
> Never underestimate the man who overestimates himself. These weird guys who overestimate themselves occasionally knock it right out of the park. I would never buy Tesla stock and I would never sell it short.
- incomingpain 4y ago>Isn't this the best kind of company to acquire ? Elon isn't worried about valuation. His consideration could be 'can I fix low hanging fruit and provide value' If elon is right the current content moderation has gone wrong, and it has. Then by fixing this it should provide a return on his investment. Not to mention the counter force of those who cannot allow free discussion who may buy him out in order to stop it. But more important, what elon also understands. What is a billion $? Elon is wealthy enough he can own any toy or thing he ever wants. It has less to do with some currency and himself. He has surpassed this point in economics placing him amongst a select few who have won this game. Now he has the chance to use this excess wealth to form the future. Which scares people.