this post was submitted on 20 Nov 2023
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Man, Elon speedrunning corporate bankruptcy for Twitter lol.
This whole thing is just a tax write-off.
I'm reasonably certain his goal with buying Twitter was just to be able to control the political narrative around the 2024 election for the usual wingnut purposes. Other than that I'd doubt he actually gives a shit what happens to the platform. He'll drop it like a hot potato the instant it ceases to be useful to him and/or the GOP, and his sycophants will all be right behind him gushing at what a "genius business idea" it'll have been for him to sell Twitter at a loss after running it into the ground by being a moron.
I'm not sure why people think he wanted to buy Twitter at all.
His goal was to pump & dump Twitter stock until he was forced into buying it for ~4 times it's actual value.
People are quick to forget that part of the situation, but I think you’re both right. There was the initial decision to buy which he didn’t want to do until the alternative was worse for him, then there was his management of the company afterward. I think once the initial sale’s decision was made for him, he has been trying to destroy Twitter entirely for the left.
Which only shows that he doesn't understand the progressive mindset at all.
I meant “for the left” as in destroy Twitter so the left doesn’t want to use it, not destroy it at the behest of the left.
I've heard this theory before. Just bankrupt it fast, then the debt goes with the company... But the thing is, the loans are on his name. Twitter didn't ask money, and it might have it's own debt for sure, but Elon has a "small county" sized debt to pay and I don't think he can really get rid of it
Others said he would be bailed out by the government. Not sure either of the candidates would agree to that (or the citizens of US)
What government? It certainly won’t be the U.S. government bailing out this fool and his stupid website. Maybe he can go ask MBS or Putin.
Just relying the conspiracies, I'm really not sure how some people think this is him outsmarting everyone
I think the only benefit he will ever get from this is never having to pay income tax again.