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[–] 54 points 3 years ago (24 children)

Guys, I’m starting to think this Elon guy isn’t as smart as he claims…

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  • [–] 18 points 3 years ago (9 children)

    No rich person is actually smart, they are all addicted to money and can't get help over it. But their moves in the business world are all calculated, this guy is doing exactly what he wants to do and their goal is to make money not to lose them.

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  • [+] 19 points 3 years ago* (last edited 3 years ago) (3 children)
  • [–] 23 points 3 years ago (1 child)

    Lucky, or in Elmo's case, born with a platinum spoon in his mouth thanks to daddy's apartheid emerald mines.

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  • [–] 6 points 3 years ago

    That's a very big part of it.

    When fucknugget wanted to start a company he had plenty of credit either on his own, with his name, or both. If he blew 50k in an attempt he could try again next week.

    If I blew 50k I'd be homeless.

    It's way easier to high stakes gamble when you won't notice you lost.

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  • [–] 10 points 3 years ago (2 children)

    this guy is doing exactly what he wants to do and their goal is to make money not to lose them.

    How does this make him money exactly? lol

    He is literally just killing off his website.

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  • [–] 3 points 3 years ago

    My guess: the same way the now called Meta benefited from stalling facebook and moving people to their other platforms like instagram. These marketers perceive everything in market terms, twitter is old and they need to release a brand new product to hook people up

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  • [–] 7 points 3 years ago (8 children)

    Depends.

    If he thinks Twitter is irreperably dying, this may be a way, in which he can get out of repaying the loans he used to (partially) fund the buyout of twitter.

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  • [–] 15 points 3 years ago

    If you're thinking this an "artist formerly known as Prince" sort of thing where Prince got out of a contract, I'm sure all the debt holders have the proper legal verbiage to have agreements remain valid in the event of a name change.

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  • [–] 10 points 3 years ago (5 children)

    How does that get him out of the loans?

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  • [–] 18 points 3 years ago (3 children)

    The lenders lawyer arrives at the Twitter office:

    Lawyer: This is Twitter, is it?

    Musk: (with a fake mustache) No, it's X.

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  • [–] 5 points 3 years ago (2 children)
  • [–] 1 point 3 years ago*

    depends how the loans worked.
    I was assuming his majority shares of X (ex Twitter) collateral.
    And that that he could just go "yeah, go on, collect on your collateral, I don't mind", because it's not worth anything anymore.

    But admittedly I have no Idea how the contracts were drawn up, if this is possible and if his other money would be available to collect on.

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  • [–] 3 points 3 years ago (3 children)

    An insight that's coming a couple of years too late though.

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