Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
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They had such a huge amount of brand recognition and vocabulary associated with their site and Elon just decided to kill that
No one will convince me he isn't doing this on purpose to tank the brand.
He and his buddies were mad that they couldn't compete. So he made the offer in a manic moment, and then was forced to go through with it. Now that he's got it, he's going to destroy it, and use the loss to reduce his taxes from all his government contracts.
And he simultaneously gets to platform fascists and silence people calling out the powerful. Wins all around.
For a normal person, this looks like failing. I totally get that. But rich people can derive massive benefits from stuff that would ruin us, and every single thing Musk is doing benefits him in some way.
That's assigning a level of intelligence to Elon that I'm not comfortable with. Plus I'm sure he and his buddies are getting some value out of killing Twitter, but certainly not 44 billion.
He does not have to do it himself. He has accountants and lawyers who can take his stupid decisions and turn them into money.
At a certain point the economies of scale of being a billionaire just keep you rich. What I've said is pretty standard tax bullshit that they grow up pulling.
just spitballing here, but what happens if accountants band together and tell him to do his own damn taxes? he's fucked then, isn't he? the real revolution of the future won't be fought in the streets, but in the accounting departments /s
I mean, you're kind of seeing this with Donald Trump's legal issues. He can't get anyone with real clout, so he's actually facing consequences in that arena now.