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For a half billion dollars or so Elon could buy substack. It's a private company in the midst of a very painful and difficult fundraising cycle, they may not h
by DelaneyM 4y ago
For a half billion dollars or so Elon could buy substack. It's a private company in the midst of a very painful and difficult fundraising cycle, they may not have much of a choice but to sell. Twitter would get a functioning monetization engine which favours creators, and apparently a functional product team.
Heck, he could keep the substack exec team under a heavy earn-out as the new Twitter exec team and declare victory, and go back to playing with rocketry and sports cars. Just returning his attention to Tesla would probably increase his net net worth with the acquisition.
Instead he's taking the pettiest of all paths. I genuinely feel sorry for him at this point, it's got to feel awful right now. I don't understand why one of the world's richest people would willingly subject themselves to his Twitter experience. He can afford to let go his ego this one time, he has nothing to gain and nothing to prove.
- JumpCrisscross 4y ago> he's taking the pettiest of all paths I don’t love the precedent for a quasi media company. But there is strategic value in signalling that if you compete with him, he’s going to blow you out of the water. (And his retaliation is unsavoury but fairly fought. Twitter has no monopoly. And Musk didn’t mobilise his adjacent companies.)
- deleted 4y ago[deleted]
- jmeister 3y agoFrom Dec ‘22: “Twitter should be easy to use, but no more relentless free advertising of competitors. No traditional publisher allows this and neither will Twitter.” https://twitter.com/elonmusk/status/1604588904828600320 https://twitter.com/elonmusk/status/1604588904828600320 This is probably brinksmanship to get Substack to pay more to twitter.
- Teever 3y ago> But there is strategic value in signalling that if you compete with him, he’s going to blow you out of the water. Another way of interpreting that signalling is that everyone should gang up and stomp him so that he doesn't continue to pick the group off one by one.
- solarkraft 3y agoYou know he'd destroy it as fast as he can.