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He lost money before on his childish outbursts. Why is this supposed to be different?
by Krasnol 4y ago
He lost money before on his childish outbursts. Why is this supposed to be different?
- matwood 4y agoThe scale. A million here and there for him is nothing, but billions is real money, even for him.
- Krasnol 4y agoObviously not or he wouldn't have gone so far in the first place.
- matwood 4y agoHe clearly didn’t mean to go this far, but Twitter out lawyered him and locked him into an airtight contract. His hubris bit him in the ass this time.
- enumjorge 4y agoThis is one of the problems with putting rich and successful people like Musk on a pedestal--it makes it seem like they can't make dumb, ego-driven mistakes. Irrational behavior gets interpreted as some 4D chess move that us mortals can't wrap our head around.
- kelseyfrog 4y agoIn fact 4D chess is a hermenutic in post-modern exigesis.
- nprateem 4y agoExactly. It's like when people thought it was some amazing play so he could sell loads of tesla stock without tanking it. No, because if it was he would have given himself loads of getouts. Instead he gave up rights to all DD. Just arrogance IMO and he had to pay the price. Now it's operation "get money back". He'll probably hold it for 5-10 years until tech stocks recover then IPO to try to foist it on his gullible fanboys. Until then he just needs to not scare off advertisers and cut costs enough to afford his debt repayments.
- IanCal 4y ago> He clearly didn’t mean to go this far He signed a very clear contract to buy Twitter, he meant to do this. He started to try and reneg when stocks dropped and his financing was looking extremely shaky.