499
Twitter To Rebrand As X (www.theverge.com)
submitted 3 years ago by to c/technology@beehaw.org
259 comments fedilink hide all child comments
 

🙄

you are viewing a single comment's thread
view the rest of the comments
[–] 29 points 3 years ago (4 children)

Not only that, it would have been easier and cheaper to just shut the whole thing down after taking ownership. His very public (mainly by his own tweeting) stewardship of Twitter is damaging to his reputation, and the reputation of his other businesses. The reality is, he just is that dumb.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 11 points 3 years ago (1 child)

    His net worth has only gone up since he bought it, iirc. Tesla will continue to print money at least for a little while until other automakers catch up on EVs. SpaceX doesn't seem to have any viable competitors, and both sides of the aisle agree on privatizing space, so that's a big growth industry. This is the unfortunate fact of capitalism in general and late-stage capitalism in particular.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 8 points 3 years ago*

    His net worth has only gone up since he bought it, iirc

    It absolutely didn't. His net worth dropped over 50% in the months following the purchase. It's back up above $200b at this point according to Forbes, but he's still down from his pre-purchase state.

  • permalink
  • fedilink
  • source
  • parent