As Twitter, renamed X, faces increased scrutiny in the EU and usage falls, Elon Musk has floated drastic action.

As Twitter, renamed X, faces increased scrutiny in the EU and usage falls, Elon Musk has floated drastic action.

  •  indigomirage   ( @indigomirage@lemmy.ca ) 
    76•9 months ago

    It is increasingly likely that the point of purchasing Twitter was to destroy it.

    Edit - FWIW, I waffle back and forth on this one. I mean, the guy’s not a complete idiot. Though I don’t certainly think he’s the genius people often think he is. He’s needed had a fair amount of luck and self-serving coercion to get where he is. The Twitter stuff is just so blind to market reality that I wonder if there’s some self-sabotage in there?

    (Either way, I am genuinely enjoying the the follow-on comments here!)

    •  Pons_Aelius   ( @Pons_Aelius@kbin.social ) 
      23•9 months ago

      Nah, he never wanted to buy it.

      It was a pump and dump and then the SEC forced him to actually buy it.

      He tried to back out but was forced to complete the sale.

      Now he has no idea what to do with it and is just digging himself deeper and deeper and deeper.

      •  microphone900   ( @microphone900@lemmy.ml ) 
        13•9 months ago

        What was Elon Musk’s strategy for Twitter?

        Well, he is kinda following a random message he got from an unknown person:

        The three texts were sent on April 4, 2022. In the nearly 18 months since then, many of the decisions Musk made after he bought Twitter appear to have closely followed that road map, up to and including his ongoing attacks against the Anti-Defamation League, a nonprofit organization founded by Jewish Americans to counter discrimination.

        The text messages described a series of actions Musk should take after he gained full control of the social media platform: “Step 1: Blame the platform for its users; Step 2: Coordinated pressure campaign; Step 3: Exodus of the Bluechecks; Step 4: Deplatforming.”

        Seems he’s killing it to get cheers and adulation from the far right.

      •  ulkesh   ( @ulkesh@beehaw.org ) English
        8•9 months ago

        Yep, exactly. He’s an idiot who happens to be a billionaire who thinks he’s iron man with the IQ of Einstein. It’s a dangerous combination. I’m just glad he can’t become president of the US — we don’t need another of his ilk.