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So is Elon just prepping Twitter to be the next hate based social media site? Looks like truth social might be out of money soon so I guess those folks need somewhere to go.
That was always the point. This all started because he was trying to use his influence to shame Twitter into platforming the far-right and then accidentally ended up comitting to buy it.
Everything he has done since has either been to benefit far-right racists and reactionaries or try and mitigate the massive loss he is going to take with the purchase.
All at the expense of trashing a carefully cultivated image of a wise technocrat and revealing himself to instead be one of the largest idiots alive. Conservatism is a helluva drug.
Out of money soon on purpose. A bunch of people will take the loss, carry it forward on their taxes, and now that Trump is allowed back on Twitter, truth social has served its actual purpose.
those DWAC cultists are a whole other level of crazy
Still convinced he's showing his true colours and tanking Twitter intentionally so that he and his buddies post multi-billion dollar losses on their investment and get tax free gains for years.
But they are still out 40 Billion Dollars. I don’t think there is a master plan. He’s an idiot.
Oh he's an idiot. But he can pay for people to plan things for him.
I don't doubt there was an original plan to gut the staff, sit back and profit from it while also having full control of the platform. So some of his investors, like the fucking Saudi crown, could benefit from that.
But when that failed they went this way. He didn't finance it himself, he certainly could have. Instead he got a group of wealthy investors involved, so maybe each is only on the hook for a billion or two; which to them is nothing. Hell, Musk himself grew his net worth from 150 to over 200 billion in that time.
Also there is precedent in what Trump(a bigger idiot for sure) did with the Atlantic city casino failure. Worked it so that he could use its losses as a tax write-off for years after.