I can't imagine Elon spending over 40bn to buy up a company that he then desperately needs to enact measures in order to recoup the lost money in ways that just dig him a bigger hole.

I think he's really that dumb. He tried to devalue the company prior to purchasing by saying bots are rampant etc. The case against him said he needed to buy the company at the original price.

Until this point, his reputation had him as some kind of infallible tech messiah, so in order to not lose face, he bought it at the original price, knowing his plan backfired and he had to borrow billions in order to complete the sale.

Every decision he made after just attracted ridicule and caused the platform to fall further into a heaping mess. Once his reputation was revealed to be a petulant child, he just doubled down and destroyed it.

Elon, it turns out, just isn't as clever as he (or many of his backers/fans) thought...

[–] Neve8028@lemm.ee 18 points 2 years ago (1 children)

People always forget he was literally sued into buying twitter. He never wanted to buy it, he was just playing stupid games like he always does.

[–] Sludgehammer@lemmy.world 3 points 2 years ago

Yeah, IMO he was trying to do a pump and dump in the same style of his crypto pump and dumps, but he managed to make some legally binding statements while doing the pump.

[–] shapesandstuff@feddit.de 9 points 2 years ago

Until this point, his reputation had him as some kind of infallible tech messiah

I mean.. only on terms of his PR team.