What if he's not a genius and actually he's just some guy, and his wealth is actually arbitrary. Absolutely chilling thought, eh?
He's got that affluenza disorder.
Notice of termination of Twitter merger agreement
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Re: Notice of termination of Twitter merger agreement
#492This was obvious from the moment he brought up the fake accounts problem. The stock market (especially tech) tanked, other investors started having cold feet, and he realized his purchase was a mistake. It is bizarre though that Twitter leadership/board continued to engage with him on the matter – even handing him internal data to analyze – expecting a good faith resolution. Nothing Musk has done in the last few mont…
It’s because they want him to pay the agreed price. It is an extremely good deal for the shareholders now, so they are behaving perfectly rationally. And they can possibly force him to.
In fact they have a fiduciary responsibility to pursue this.
Re: Notice of termination of Twitter merger agreement
#493It seems apparent to this observer that he developed cold feet pretty fast after an impetuous decision, and has been looking for any reason to back out of it since then. The spam accounts angle seems like a convenient scapegoat, rather than a real surprise to him. He's clearly eccentric in his approach to decision making: I don't think any Harvard Business School course will teach "the Musk Principles". But it's uncl…
There's another belief floated by Josh Wolfe (an investor with Lux Capital) who claimed it was a ruse to liquidate Tesla stock en masse without Tesla hodlers getting suspicious and tanking the inflated stock price. https://twitter.com/wolfejosh/status/1545387947578597376
This is such a strange take. There's any number of more effective ways for Musk to justify selling some Tesla stock that aren't especially likely to tank it. On top of that, announcing his intent to buy Twitter did in fact get factored into the stock quite rapidly, in the negative direction as you'd assume, because Twitter is not seen as an especially good investment while Tesla has been.
Re: Notice of termination of Twitter merger agreement
#494It seems apparent to this observer that he developed cold feet pretty fast after an impetuous decision, and has been looking for any reason to back out of it since then. The spam accounts angle seems like a convenient scapegoat, rather than a real surprise to him. He's clearly eccentric in his approach to decision making: I don't think any Harvard Business School course will teach "the Musk Principles". But it's uncl…
I think about Jack Dorsey's endorsement early on: https://www.cnbc.com/2022/04/26/jack-dorsey-elon-musk-is-the... This most of all makes me think he was really into it and then fucked it all up. Or Jack was just trying to get back at the board.
Eh, I think he’s a believer. I like Jack. He dreams big and is pretty inspirational to wild ideas. You are high if you are reading this and think he’s not upset with where Twitter landed.
Re: Notice of termination of Twitter merger agreement
#495It seems apparent to this observer that he developed cold feet pretty fast after an impetuous decision, and has been looking for any reason to back out of it since then. The spam accounts angle seems like a convenient scapegoat, rather than a real surprise to him. He's clearly eccentric in his approach to decision making: I don't think any Harvard Business School course will teach "the Musk Principles". But it's uncl…
There's another belief floated by Josh Wolfe (an investor with Lux Capital) who claimed it was a ruse to liquidate Tesla stock en masse without Tesla hodlers getting suspicious and tanking the inflated stock price. https://twitter.com/wolfejosh/status/1545387947578597376
He’s not the only one to float this possibility. It’s one of the more plausible explanations if you take the assumption that Musk was acting rationally with forethought.
Re: Notice of termination of Twitter merger agreement
#496[deleted]
Re: Notice of termination of Twitter merger agreement
#497Elon is pretty straightforward.
The deal is obviously not worth it if a sizable chunk of user are fake.
His first action would be to get rid of fake account and doing so decrease the value of Twitter for him and everyone that join him.
It’s better if the value decrease now to reflect reality, then buy at a far price and improve from that point.
I think the deal might go own at a much lower price. The lying is going to get out, the value of Twitter will then have to be evaluate at the current economic level.
Re: Notice of termination of Twitter merger agreement
#498Earlier quoted context omitted.
> a ruse to liquidate Tesla stock en masse without Tesla hodlers getting suspicious and tanking the inflated stock price. Couldn't he just have said "SpaceX needs more cash" or something like that?
That would be implying that a Musk company was in trouble. They constantly are in trouble, but he can never say it or else it breaks the fiction that Musk companies are predestined to be amazingly successful.
Didn't he famously say it about SpaceX last year?
Re: Notice of termination of Twitter merger agreement
#499It seems apparent to this observer that he developed cold feet pretty fast after an impetuous decision, and has been looking for any reason to back out of it since then. The spam accounts angle seems like a convenient scapegoat, rather than a real surprise to him. He's clearly eccentric in his approach to decision making: I don't think any Harvard Business School course will teach "the Musk Principles". But it's uncl…
There’s the HN theory, but then he was invited at twitter answering questions that employees had. Why would someone do that if they were just fucking around.
Re: Notice of termination of Twitter merger agreement
#500The bigger story (if you can get past the juicy Elon-a-drama)… is
Twitter stinks.
You can smell the in their ad program a mile away and it’s finally free game to call out.
I remember buying Facebook ads once and I got more likes than God and not a single one of them seemed like they were “real”. Maybe they were “mDAU real” or whatever…
These company’s are liars and have been ripping people, small and big business off for years.
Google ads, search ads, Twitter, Facebook, Snap, TT, Reddit, Yelp, etc… it’s all stretched fake engagement. We all know it and have known it for years — if you’ll admit it or not.