6 ms·

Musk is openly antagonistic to any kind of regulation and regulatory bodies. This is all a game to him. Any fines he faces are the price of having fun, to him.

by bedast 4y ago

Musk is openly antagonistic to any kind of regulation and regulatory bodies. This is all a game to him. Any fines he faces are the price of having fun, to him. It's why whether Twitter succeeds or fails is a moot point. He doesn't actually care about Twitter. It's a toy. It's an RC plane he's flying around, right now, and it's just a matter of time before he intentionally aims it into the ground to see how big of an explosion he can make.

renonn 4y ago
- GaylordTuring 4y ago
  - emkoemko 4y ago
    its becoming creepy
atomicone 4y ago
wouldn't that damage his reputation as a credible CEO? Not sure if a billionaire would care, but still, he holds the office of the CEO in a few companies.
- notyourwork 4y ago
  Why do you need credibility when you own the company? This isn't a public trading company where share holders can vote you out.
- Sohcahtoa82 4y ago
  > wouldn't that damage his reputation as a credible CEO? Elon Musk? A credible CEO? And here I was thinking shitposting wasn't allowed on HN.
  - atomicone 4y ago
    Huh? Before him, we never had re-usable rockets. Nor did we have electric cars gain mass adoption. Who was the CEO behind those?
- bedast 4y ago
  No. Because he's a multibillionaire. The scale of his wealth means he doesn't have to care what people think. He can maintain his lifestyle and continue to make various life and business choices despite losing $44b because, overall, it's not that much compared to his overall wealth. Maybe no one will want to hire him as CEO, if that's what you're referring to. But he can just buy another company if he wants to be CEO of it.
Nifty3929 4y ago
He has not done this with his other large businesses. He has in fact done the opposite, raising them from nothing to hugely successful companies that are also great for humanity. I'm no fanboy - I just call them like I see them. You'll probably mention a few side-projects of his that haven't done much - but he hasn't flown them into the ground either. They're just interesting experiments.
- bedast 4y ago
  Those may be more passion projects for him. But he's also violated labor law, safety regulations, committed SEC violations, and so on. But if you want history of using his money for extreme trolling, just look at the whole Hyperloop thing, where he admitted it was a troll. He's had a lot of disdain for Twitter in the past. He's laughed at people he's kicked out already. The Twitter story is one giant troll. If, somehow, it manages to get any kind of success, he wins. If it fails, he writes it off and moves on to the next sociopathic experience.
legohead 4y ago
I considered this purchase a miscalculation on his part. After he bought 9% of twitter, he wanted to do some market manipulation like with Tesla. Only he got burned last time, so he attempted to do it legit with his "offer". He never expected them to actually accept. And why he tried so hard to back out. However, now that it's done, I don't doubt his earnest or abilities to drive twitter forward. In any case it will be very interesting to watch.
- 93po 4y ago
  There is zero evidence for literally anything you're saying and your accusations are completely baseless.
  - legohead 4y ago
    Circumstantial evidence. And he has literally done it before [1]. [1] https://www.sec.gov/news/press-release/2018-226 https://www.sec.gov/news/press-release/2018-226
- 988747 4y ago
  If he wanted to manipulate market then just the rumor about the purchase would send stocks higher. In fact, after his announcement on April 14th, Twitter rose 7.5% on the next session (18th). No need to actually sign the deal to make few hundred millions of dollars. On the other hand, how would he cash out his gamble? You cannot announce that you want to buy 100% of the company stocks, and then start selling off the 9% that you already have, that would be a dead giveaway that the offer is not serious.
- bedast 4y ago
  He memed the price. How is that a miscalculation? Everything he's doing with Twitter is going as planned.

by bedast 4y ago

renonn 4y ago

GaylordTuring 4y ago
- emkoemko 4y ago
  its becoming creepy

atomicone 4y ago

wouldn't that damage his reputation as a credible CEO? Not sure if a billionaire would care, but still, he holds the office of the CEO in a few companies.

notyourwork 4y ago
Why do you need credibility when you own the company? This isn't a public trading company where share holders can vote you out.
Sohcahtoa82 4y ago
> wouldn't that damage his reputation as a credible CEO? Elon Musk? A credible CEO? And here I was thinking shitposting wasn't allowed on HN.
- atomicone 4y ago
  Huh? Before him, we never had re-usable rockets. Nor did we have electric cars gain mass adoption. Who was the CEO behind those?
bedast 4y ago
No. Because he's a multibillionaire. The scale of his wealth means he doesn't have to care what people think. He can maintain his lifestyle and continue to make various life and business choices despite losing $44b because, overall, it's not that much compared to his overall wealth. Maybe no one will want to hire him as CEO, if that's what you're referring to. But he can just buy another company if he wants to be CEO of it.

Nifty3929 4y ago

He has not done this with his other large businesses. He has in fact done the opposite, raising them from nothing to hugely successful companies that are also great for humanity. I'm no fanboy - I just call them like I see them. You'll probably mention a few side-projects of his that haven't done much - but he hasn't flown them into the ground either. They're just interesting experiments.

bedast 4y ago
Those may be more passion projects for him. But he's also violated labor law, safety regulations, committed SEC violations, and so on. But if you want history of using his money for extreme trolling, just look at the whole Hyperloop thing, where he admitted it was a troll. He's had a lot of disdain for Twitter in the past. He's laughed at people he's kicked out already. The Twitter story is one giant troll. If, somehow, it manages to get any kind of success, he wins. If it fails, he writes it off and moves on to the next sociopathic experience.

legohead 4y ago

I considered this purchase a miscalculation on his part. After he bought 9% of twitter, he wanted to do some market manipulation like with Tesla. Only he got burned last time, so he attempted to do it legit with his "offer". He never expected them to actually accept. And why he tried so hard to back out. However, now that it's done, I don't doubt his earnest or abilities to drive twitter forward. In any case it will be very interesting to watch.

93po 4y ago
There is zero evidence for literally anything you're saying and your accusations are completely baseless.
- legohead 4y ago
  Circumstantial evidence. And he has literally done it before [1]. [1] https://www.sec.gov/news/press-release/2018-226 https://www.sec.gov/news/press-release/2018-226
988747 4y ago
If he wanted to manipulate market then just the rumor about the purchase would send stocks higher. In fact, after his announcement on April 14th, Twitter rose 7.5% on the next session (18th). No need to actually sign the deal to make few hundred millions of dollars. On the other hand, how would he cash out his gamble? You cannot announce that you want to buy 100% of the company stocks, and then start selling off the 9% that you already have, that would be a dead giveaway that the offer is not serious.
bedast 4y ago
He memed the price. How is that a miscalculation? Everything he's doing with Twitter is going as planned.