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Isn’t there a simple way to just shut it down if you’ve already burned the 44 billion?
by r00fus 3y ago
Isn’t there a simple way to just shut it down if you’ve already burned the 44 billion?
- slashdev 3y agoIt wasn’t all his money. Not that I think that’s what he’s doing.
- HWR_14 3y agoProbably not. He borrowed 1/4 of the money from banks secured by Twitters value. Intentionally destroying that value may leave him open to personal liability. Just like if you have a mortgage but decide one day to bulldoze your house. Your bank can totally come after you if you do that and stop paying them.
- gumballindie 3y agoOnce he fails they’ll say he was too big to fail. Corporate socialism will bail him out one way or another. Us, the taxpaying plebe, will cover the bank’s losses with increased mortgage rates and the government’s losses with increased taxes.
- tmpX7dMeXU 3y agoThat analogy isn’t at all apt, for the same reason that white-collar criminals are much more likely to get away with it. There is just way more grey area, way more reasonable doubt, in burning Twitter to the ground vs bulldozing your house. Your honour, I didn’t mean to hold up that liquor store. It was merely incompetence. I was just trying to act on my legal obligation to my shareholders.
- HWR_14 3y agoGrey area, sure. He legit thought a rebrand was a great idea! But shuttering the company would be a clear cut example of him intentionally sinking the company.
- cheschire 3y agoNot without being taken to court. Honestly this feels like one of those situations where you just gotta ask what good is “fuck you” money if you don’t use it to tell people “fuck you” He was forced to buy something that he only momentarily wanted to buy. And out of spite he just drives it into the ground. Nothing else connects these dots in any way that aligns with his other successes, unless there’s some whole other part of this constellation I haven’t seen yet.
- Obscurity4340 3y agoThis is part of the narrative (and by all accounts, definitely what it "looked like" happened) but I'm starting to warm up to the idea Musk was commissioned to eliminate Twitter given its inconvenience to established wealthy and international interests. It would be hella convenient and arguably be worth even a 44 billion price tag (which is almost nothing to a hodgepodge of governments and institutional investors) to get rid of Twitter.
- TX81Z 3y agoI don’t know why people find it so hard to confront that the force which drives our destinies is chaos, not order. There is always a search for “a plan” when things like this happen, but it’s just a bunch of butterfly wings and monkeys typing on keyboards.
- johnnyworker 3y agoTurning chaos into order, for better or worse and if only for a while or just imagined, is what life does.
- nprateem 3y agoAnd why won't something pop up in its place? This is searching for order where there is none.
- Obscurity4340 3y ago