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Presumptuously: It's stupid and irrational because this wasn't a decision that was made based on reason - it was an emotional one. Elon is a bag-holder. He bou
by nearlyepic 3y ago
Presumptuously:
It's stupid and irrational because this wasn't a decision that was made based on reason - it was an emotional one. Elon is a bag-holder. He bought x.com in the dotcom boom and doesn't want to admit that the domain he paid a good chunk of money for is worthless - hence the (failed) attempt to make a brand out of it.
- dom96 3y agoAny ideas how much he paid for the domain back then?
- pjc50 3y agoIt was actually bought back from paypal in 2017, for an undisclosed sum. https://www.theverge.com/2017/7/10/15949862/elon-musk-x-com-paypal-tesla-spacex-domain-name https://www.theverge.com/2017/7/10/15949862/elon-musk-x-com-...
- twisteriffic 3y agoAnd now he's sold it to twitter and pocketed the cash.