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There's a reason he tried to get out of this deal. He's going to lose billions of dollars on this, the only question at this point is how many billions.

• Zigurd 4y ago
  This is an under-explored part of how we got here. Elon did not want to buy Twitter. He bought it only because he thought he could flip it and lose less than what settling would cost (plus what damage depositions would do). Right up to a few days before the deal closed, Elon was hoping he would not have to actually run Twitter. And that's the second part that is under-explored: Elon could not find a CEO. And he never will until he admits all of his and the coinvestors' equity stakes are now worth zero, and he takes a down round that reshapes the cap table and enables a sane incentive package for a CEO.
  • detaro 4y ago
    Neither wanting to flip it nor not wanting to run it explain what he has done once he actually owned though, more the opposite in fact. You don't prepare a company for flipping it by whatever this mess is, nor does it make being its CEO a more attractive job, nor did he have to run in as directly as he does. (Well, unless you don't care about the flipping price. Verizon managed to sell Tumblr after all ;))
    • Casteil 4y ago
      Perhaps he thought it'd be easier than it really is after SpaceX's wild success in reusing orbital rocket boosters.