Quote:
Originally Posted by Locke
Honestly?
I gave up attempting to attach a rational explanation to his wildly irrational actions like this a long, long time ago.
The guy is playing Solitaire with a deck of 51.
Trying to figure out his motivations and what he's thinking accomplished. He's not playing 4D Chess, he's playing checkers with Cheetos.
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Nothing about the purchase price makes any sense, twitter has never made much money nor does it have any obvious way of changing into something that might be more profitable than it is now, on top of that all social media platforms appear to have a built in life span, Twitter and Facebook are pretty much shunned by kids because us parents use them, kids use instagram and tick tock, thus far only YouTube seems immune to this cycle.
The fact he tried to get out of the purchase and is freaking out about the losses would seem to indicate he doesnt have some long-term plan to turn the platform into something else that could make the 5 to 10 billion a year it needs to make to pay off the loan, if it was a restaurant you'd insure the bolloxs out of it and then arrange a kitchen fire, assuming Musk isnt just a complete idiot and there is some method to him destroying the platform utterly within a month then all I can assume is he figured it will cost him less to declare bankruptcy than it would have to walk away from the deal before he bought it