yeah, that’s probably true. blinded by virtual reality they’re missing the existing mediated reality i think
i mean, they really could have tried for that space even before he jumped in. but, most people ( except for musk fanatics ) were predicting some sort of twitter stumble when this all started, so i guess it’s no wonder meta’s stock went tumbling.
I would maybe believe that there was planned malice behind the ineptitude but I cannot imagine that the twitter data is worth anywhere near $44 billion to anyone.
This all started with a shitpost - which he doubled-down on by insisting that it go quick without any due diligence. Then at some point he realized that this was a colossal mistake and tried to weasel out of it - but people kept tapping on the dotted line that he signed so he was stuck with it.
So, then he went into “Engineering Hard” mode - which, of course, alienated most of the employees who have either quit or been laid off.
I think it’s dawned on him - and it’s what he’s contemplating this weekend - that he’s set fire to it all and there is no going back and that it would have been better to pile the $44 billion and burn the cash because at least then it would have generated some warmth.
So, sometime - (next week?) he’ll appoint someone else to run it all with the excuse that Tesla and SpaceX need him. As soon as possible he’ll try and sell it to the next greater fool for whatever he can get for it at pennies on the dollar - but he’ll probably get whatever is left after Thiel and the Saudis are paid back (which will be nothing). Oh, and Thiel and the Saudis already have a copy of all the data.
Musk certainly proposed hyperloop as a way to stop high speed rail and public transport in order to sell more cars.
But that was a pittance on some PR. He’s committed a huge chunk of his fortune here that is at great risk. And such a huge public failure puts his other firms and future projects at risk. And future financing, of course.
This looks like a fuck up of historic proportions based solely on his ego. Not some Genius Strategery.
But also, I’d say that his history of failing up could be playing a role - that he’s so very clever that he could pull this off, protect his other businesses, and come out on top, because he believes his own BS about what a genius he is…
He could save the thing. But it’ll be diminished as a company for quite some time. And he’d need to throw in more cash, reverse a bunch of shit he did this week & put an adult in charge. That last one he seems constitutionally unable to do.
Respectfully, the people who think Musk is a genius supervillain in the mold of Lex Luthor are making the same mistake as the people who think Musk is a genius superhero in the mold if Tony Stark.
There’s no way that burning Twitter to the ground just so he can search for trinkets among the ashes puts Musk in a better financial position than running Twitter as a functional revenue-generating platform would.
He doesn’t have the devious genius of Niccolò Machiavelli or the disciplined focus of Sun Tzu. Heck, he doesn’t even have the discipline of a Shih Tzu.
Your data’s already going to remain on twitter regardless, though. Downloading your archive doesn’t delete it, and in GDPR countries, there’s no GDPR compliance officers (or staff members) left. If you are from a GDPR country and you wanted to clear your data off of twitter, the time to do that was four weeks ago.