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>It's not grand strategy. Musk was forced to buy an unprofitable ad supported business for ten times it's fair value, during an advertising recession, all becau
by KVFinn 4y ago
>It's not grand strategy. Musk was forced to buy an unprofitable ad supported business for ten times it's fair value, during an advertising recession, all because of him choosing to not treat his severe bipolar disorder and having a manic episode. Poor guy.
>Now that he's potentially not manic at the moment (possibly, I'm not his doctor) he realizes that he's not going to put an additional cent into it because the business can't be saved.
Frankly I'm still confused how his lawyers wrote the deal to buy Twitter the way he wanted to. He basically made it impossible for himself to back out, or even to have time to do due diligence. Why? The only thing I can guess is he was absolutely sure they would refuse the deal and would give some other concession, like a bigger board seat? Even so why didn't his own lawyers stop him?
- AlexThrowAway 4y ago>Frankly I'm still confused how his lawyers wrote the deal to buy Twitter the way he wanted to. The client is an arsehole and refuses to listen to counsel.
- KVFinn 4y ago>The client is an arsehole. But it's not like Elon is writing the legal wording on the offer itself, and it was terrible in a specifically legal way. You would almost have to tell your lawyer: "Write me an offer to buy Twitter. But I don't want the standard boring offer other people use. Be sure to go out of your way and waive standard protections. Just burn the bridge behind me so I'm totally stuck here if things go sideways." And then weeks later he's on podcasts complaining that there's too many bots on Twitter and it's not fair the bridge is burnt. Dude, you went out of your way to do that. At the time he must had some rational.