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All theories about Elon destroying Twitter intentionally have several defects: 1. Elon did not want to buy Twitter. But he wanted litigation and depositions ev
by Zigurd 4y ago
All theories about Elon destroying Twitter intentionally have several defects:
1. Elon did not want to buy Twitter. But he wanted litigation and depositions even less. Is there a less good reason to close on a $44B deal where the value of the equity investment can be marked down to zero on day 1, and where the creditors are hostages to their now inadvisable contracts?
2. His decision was impulsive and cynical: He thought he could "flip" Twitter and lose less than a settlement would cost. That notion was dead on arrival, and now you see a narcissist flailing around trying to distract people from the fact he made one of the worst business decision in human history.
3. The scale of this mistake is boggling: $44B is the market cap of Foxconn. He could have bought Santander and launched his X app. He could have bought AIG. Or National Grid. Or LG Chem. Or Ferrari. Or Block. Or Maersk.
To destroy that much value on a struggling social media company in order to destroy the company is the kind of myth making that narcissists, and their fanbois, do.