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No. He did it for two reasons. Lawsuits. He said something like if X happens I’ll buy Twitter. x happened and then it was on public record. So he couldn’t go ba
by JSDevOps 2y ago
No. He did it for two reasons. Lawsuits. He said something like if X happens I’ll buy Twitter. x happened and then it was on public record. So he couldn’t go back without being sued. And more importantly in the process to save face and his ego.
- acdha 2y agoWho did he say that to? When? He botched the offer so badly that he bought Twitter well over the market price and is down something like $30B, and nobody is losing that kind of money in a lawsuit unless they signed a very good contract (he hasn’t been sued that badly for overstating FSD for years, for example). I think he bought it because he was addicted and could, similar to how a rich alcoholic could buy their favorite bar. I don’t think there was a nuanced long-term plan rather than an impulse mood to increase his stature and remove what he saw as rules which prevented his friends from saying what they wanted.