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I believe the largest factor is that he never intended to buy it, tried to get out of buying it, when he had to buy it he didn't get enough investors and saddle
by 3cats-in-a-coat 3y ago
I believe the largest factor is that he never intended to buy it, tried to get out of buying it, when he had to buy it he didn't get enough investors and saddled Twitter with high debt, which made him turn to sharp "cost-cutting measures" which as a result lost him even more money and put him on a stressful downward spiral in which he's losing billion a year, and he can't stop it, and is constantly making bad decisions like an animal that the more it moves, the deeper it gets stuck into the shark's mouth.
- rsynnott 3y agoIt’s really the first bit that slightly stretches credulity. Like, presumably at some point some lawyer told him “this isn’t like a consumer contract, once you’ve signed you’ve signed”.
- 3cats-in-a-coat 3y agoMaybe a lawyer told him. But was he listening?
- wkat4242 3y agoHe's definitely not the type that listens to his advisors, no. Which is not always a bad thing, and I think it got him where he is, but it feels like at some point he got overwhelmed by his own success and started thinking every one of his whims was gold.