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this post was submitted on 16 Jul 2023
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The didn't buy Twitter for a profit.
He bought Twitter to destroy it because big free horizontal communication platforms are bad for billionaires.
He can't just close it, so he just destroy it little by little until it is no more.
The same way conservative groups bought Tumblr because it was too sexual liberating for their conservative views.
He bought Twitter by mistake, and was forced into it by Twitter shareholders who saw the opportunity to make bank.
"mistake" in this case actually means by shooting his mouth off and thinking he was smarter than everyone else in the room. He fucked around, then immediately began finding out.
But, $420.69, bruh!
It’s so frustrating to be in the Valley, and be subjected to one set of rules to tightly follow, while a group of special sociopaths (e.g., Musk, SBF, Holmes, Neumann) are free to do whatever they like.
Just playing devil's advocate. But aren't two of your examples either on their way or in jail right now?
I should have been more clear: The Valley allows and even encourages certain sociopaths to flout rules and conventions around ethics and reporting, while the rest of us are held tightly to those rules and conventions. For example, Sequoia seemingly didn’t even perform de minimis due diligence when leading a nine-figure round in FTX.
This is also the case, however he had the option to drop out with much lower losses.
That would involve him backing down and admitting an error, which he's clearly not capable of.