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What happened to replacing himself as CEO? The best move Musk could make right now, for Twitter and his own mental health, would be to put some distance between
by TechBro8615 4y ago
What happened to replacing himself as CEO? The best move Musk could make right now, for Twitter and his own mental health, would be to put some distance between Twitter and himself. It's a mistake to make his hobby his career. He needs to appoint an engineer-friendly CEO (read: someone who will open the API) and focus on his rockets and cars.
- hindsightbias 4y agoThe venn of qualified, acceptable to Elon and stupid enough to take the job is apparently not that large.
- BizarroLand 4y agoThe best move Elon could have made was not making a credible threat to purchase Twitter with his own money. That's going to go down as either one of the biggest blunders of the early 21st century, and if not, it will be a near miss. He's never getting his money back. He's never getting his credibility back. He's never getting his supporters back. He has passed the zenith of his life and all that is left is the long slow march to obscurity.
- TechBro8615 4y agoHe will get his money back when he takes it public for $50+ billion. The market is full of idiots. Remember when TSLA did a 5x stock split and then hit the exact price from before the split, effectively increasing value by 5x for no discernible reason? That was about as rational as the value added by the hard fork to BCH (when anyone holding BTC instantly got the same value of BCH, which shortly became tradeable on Coinbase, during a time when IIRC some Coinbase employees were later charged with insider trading). Anyway, the market will go up again, and it will probably go irrationally high. After all, that's what's always happened... ;) ... So, Twitter will benefit from this, pretty much regardless of their actual revenue - if anything, the $40bn Musk paid for it will serve as an anchor for the IPO, meaning it will be almost definitionally unlikely to go public for less than Musk paid for it, assuming Twitter can survive long enough to credibly go public.
- cbtacy 4y agoNice fan fiction. Well done.
- TechBro8615 4y agoIt's canon until proven otherwise
- lawn 4y ago> during a time when IIRC some Coinbase employees were later charged with insider trading That was likely Charlie Lee and LTC, not BCH.
- orionion 4y ago[flagged]
- jacquesm 4y ago> He has passed the zenith of his life and all that is left is the long slow march to obscurity. It may not be all that slow.