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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)
submitted 3 years ago by to c/technology@lemmy.world
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[–] 29 points 3 years ago (5 children)

That might be giving Musk too much credit. Never attribute to malice what can be explained by incompetence.

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

    There’s far too many coincidences and moments of horrendous decisions for it all to be chalked up to incompetence at this point.

    And no I don’t give him any credit. Credit goes to his handlers which at this point it’s clear is Russia. It’s obvious at this point what’s going on with Twitter is politically driven to benefit GOP and therefore Russia.

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  • [–] 14 points 3 years ago

    You are talking about the “let that sink in” guy, the car tunnel fail guy, the guy who bought into PayPal and Tesla and called them his creations. There is no need to assume a conspiracy, he is just a diamond level asshat and always was. SpaceX/Starship, Neuralink, Solar City, they are ALL absolutely insane and miscalculated projects and if you read about them you see that he is totally incompetent. The big question is why people believe in him.

    I strongly recommend watching this channel which has excellent videos on Musk:

    https://youtube.com/@commonsenseskeptic

    They did the math.

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  • [–] 4 points 3 years ago

    Don't forget about the Kingdom of Saudi Arabia's (via MBS) large investment, putting them as the biggest shareholder of the company behind Muskrat himself.

    Here's an interesting Birdsite thread on how the KSA has been intertwined with Twitter since as early as 2011 - and no, not just as an "investor". There's been all sorts of the shadiest shit going on over there.

    https://twitter.com/MuellerSheWrote/status/1698827051556618679

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  • [–] 4 points 3 years ago

    No, Musk is just a moron. You just need to look at his interactions with former staff to realize it was his ego and inability to admit being wrong that ran the company into the ground.

    He's been behaving like a bratty child, except he's the owner of the company so any tantrums he throws have direct influence.

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