this post was submitted on 23 Jul 2023
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I think you might be missing the $44 billion issue here.
Yes, Twitter was in trouble and was having issues staying anywhere this side of the black line. With free flowing capital and threats of ever increasing interest rates, the fire was absoultely in the building, no doubt.
What this donkey called Elon Musk thought would be a great idea is to build a fucking oil refinery, jet fuel distribution hub, and solid rocket fuel production plant beside the building that was on fire. Like when you burn $44B, whatever fucking debt and issues was the matter, all of that ceased being THE PROBLEM. They stayed problems no doubt, but they were no longer THE PROBLEM.
Like if I paid some person $100k/yr, 100 of those people is just $10M, a thousand of them is just $100M. That's just 0.2% of the crater that Elon just created. You could literally have a thousand people getting $100k/yr doing absolutely fuck-it-all, and you could pay them for a century, and that's just 20% of what Elon just did.
Yes, Twitter had problems. None of those problems are within the same galaxy as the problem Elon just made.