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What's interesting though is that it's now his private play-toy. If you want to buy a $1,000,000 Ferrari and thrash it into oblivion in 1 week that is totally y
by grecy 4y ago
What's interesting though is that it's now his private play-toy. If you want to buy a $1,000,000 Ferrari and thrash it into oblivion in 1 week that is totally your choice, have fun with that. It wouldn't be a free country if people could stop you doing so.
He's doing the same thing here, he just has more money to play with, which I think it what people are ultimately annoyed about.
Also worth pointing out that for years and years everyone said the way he was going about aerospace was impossible and stupid and was never going to work. They said the same thing about his approach to automobiles.
By very definition to shake up an industry you need to go against the status quo. You need to do something others have not, and you need to take risks. Otherwise you're just going to get a 1 or 2% improvement. So actually I see him messing with Twitter so fundamentally as a good thing, because there's a chance it will result in something great. It might burn to the ground too, but that's the risk you take when you actually do something.
I mean, the worst thing about Facebook/YouTube is the relentless advertising, so maybe there's a chance that Elon chasing away advertisers is actually a good thing for Twitter users? He owns the thing, what do you care if it makes very little money?
I guarantee YouTube and Facebook would be more enjoyable to use with 1/10th the number of ads (and as a result, 1/10th the profit, which means nothing to me)
- michpoch 4y agoIt is not really his private play-toy. There was a bunch of other investors that joined him and I bet they're giving him heat about the results already.
- ckastner 4y ago> If you want to buy a $1,000,000 Ferrari and thrash it into oblivion in 1 week that is totally your choice, have fun with that. It wouldn't be a free country if people could stop you doing so. OK, but if you do that, people will consider you reckless, and people will question whether they can trust you with other endeavors. Hence TSLA sinking like lead.
- grecy 4y agoSure, but that's completely irrelevant. Are we talking about the TSLA stock price, or are we talking about Elon destroying Twitter. People are very confused about what to be outraged about. They feel as if they should be outraged at a Billionaire, they just can't quite decide what angle to take, and will jump around wildly from one thing to the next. Also worth nothing TSLA has tracked AMZN almost identically for many months now.
- ckastner 4y ago> Sure, but that's completely irrelevant. Are we talking about the TSLA stock price, or are we talking about Elon destroying Twitter. It's obviously relevant, as destroying Twitter has reduced the value of Musk's TSLA stake by tens of billions. > People are very confused about [...] What's that got to do with the hypothesis (Musk's own motivation to stop this) above? > Also worth nothing TSLA has tracked AMZN almost identically for many months nowAlso worth nothing TSLA has tracked AMZN almost identically for many months now.* TSLA is far worse off than AMZN, which has little relevance as a basis for comparison, and even more so than all the other major car manufacturers.
- deleted 4y ago[deleted]
- postingawayonhn 4y ago> If you want to buy a $1,000,000 Ferrari and thrash it into oblivion in 1 week that is totally your choice Musk basically did just that with a Mclaren F1. https://www.thedrive.com/news/32191/did-you-know-elon-musk-wrecked-an-uninsured-mclaren-f1 https://www.thedrive.com/news/32191/did-you-know-elon-musk-w...