this post was submitted on 18 Nov 2023
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How is this benefiting him in any way? Even financially?
It's not. He never wanted to buy twitter, he just wanted to pump and dump the stock, but because he is stupid and the plan was obvious they sued him to make him honor the deal.
So if he just turned around and shut the company down, it would give the SEC legal grounds to argue that his intention all along was market manipulation.
He could have just done nothing with the company, hired someone to put in charge and say "you have a year to make Twitter profitable", and when that inevitably fails shut it down.
He didn't have to tank his reputation. All the time he's spending running Twitter into the ground he could have instead done nothing, and still shut it down in the same time frame for being "not-profitable". Enough time would have passed for him to get away with it, and would have lost less money in the process.
So even if his plan is to destroy Twitter, he's still an idiot doing it in the dumbest way possible.
If he were smarter and/or not a walking ego then yeah, that would have been the move. Though if he were smart he probably wouldn't be in this mess.