• Voroxpete@sh.itjust.works
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      5 months ago

      The problem is that his payout, like the rest of his fortune, is in exceedingly overvalued Tesla stock. So using that to finance Twitter means selling, and every time he sells the price takes a hard dip because Tesla investors know they’re standing on a soap bubble and they are extremely nervous about it bursting. Any sudden uptick in sales pressure is liable to cause a small avalanche of investors abandoning ship.

      The process of buying Twitter alone cut his net worth by half because of how much it cratered the Tesla stock price.

      • deeves@lemmy.world
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        5 months ago

        Hahah, so him personally bailing out Twitter with a cash infusion would kill Tesla in the process?

        What a world.

  • Modva@lemmy.world
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    5 months ago

    Can’t remember the last time I was on Twitter. Turns out I don’t need it. Turns out I’m just a little happier without it.

  • givesomefucks@lemmy.world
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    5 months ago

    “I do shoot myself in the foot from time to time, but at least you know it is genuine, not from the PR department,” he admitted.

    He’s been brainwashed by his fans if he thinks that somehow makes it better.

    Like, authenticy is good for good things, but it makes shitty things even shittier. It’s not a value that’s always good in every context. And the worst thing he could be doing is doubling down on his opinions and policy.

    If he left the company is the only way this would help, he wouldn’t even be a fall guy because most of this is entirely his fault

    • SkaveRat@discuss.tchncs.de
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      5 months ago

      Like, authenticy is good for good things, but it makes shitty things even shittier.

      sounds like he needs that PR department

      • rtxn@lemmy.world
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        5 months ago

        That’s pretty much how he kept the public image of “eccentric genius” for so many years. I once read an article (can’t remember where, don’t care enough to search) that said that SpaceX had/has a team whose entire purpose was to babysit Musk when he had a temper tantrum. The team formed organically, like a cyst around a foreign object, and minimized damage to PR.

        When Twitter was infested, it didn’t have this immunity and now the world (or those of us who care) knows how much of a shithead he is.

  • Roflmasterbigpimp@lemmy.world
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    5 months ago
    • Tells customers to go fuck themselves
    • They leave
    • They stop paying for advertisement
    • Twitter/X makes no money from advertisement

    Elon: