3 ms·
Go read about the first X.com/PayPal debacle. This is not the first time he's done this... stuck his fingers in, shouted at people, pushed his weight around, a
by cmrdporcupine 3y ago
Go read about the first X.com/PayPal debacle.
This is not the first time he's done this... stuck his fingers in, shouted at people, pushed his weight around, and Dunning-Kruger'd something to the point of failure. In that case, the board turfed him, and Peter Thiel fixed the problem.
He's grinding on an old (20+ years) obsession, down to the name of the 'product'.
As I said about this yesterday, Musk's success was a product of the economic situation from 2008->2022, when interest rates were insanely low, QE/stimulus was going crazy, Silicon Valley profits sky high and endlessly growing, and investors were willing to throw money at stuff like this.
With rates higher, investors will have other places to put their money, debt is more expensive, and people like Musk will find themselves standing naked on the beach as the tide goes out.