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this post was submitted on 10 Aug 2023
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Elon is worth over $200B. He has many people on his team that advise him about his wealth and growing it. It's highly unlikely he bumbled his way into $22B of Saudi Arabian money, accidentally withdrew another $22B from his chequing account, accidentally fired over half of the staff at twitter, accidentally changed the name to the asinine "X", and accidentally made the company hemorrhage valuation. It was a calculated move. The only thing he wasn't prepared for was the price tag because he couldn't stop running his mouth. SA invested $22B into the acquisition because they wanted Musk to destroy the platform. Arab Spring and all that. Do you think that SA invested that kind of money directly because they thought they would see ROI? Hardly.
IDK, seems like you're giving him too much credit but that does sound pretty plausible. Would be pretty short-sighted of SA though, it's not like people can't use other apps.