this post was submitted on 29 Sep 2023
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Agreed. I mean I never expected Elon to be smart but good god is that dude an idiot. Everyone reading this could 100% do a better job in his shoes.
If I had bought Twitter back then, I would have just done absolutely nothing and raked in the cash.
That's assuming that his goal is to run a profitable social media company that people respect, enjoy, and that makes profit. However, he's loaded af and can easily pay for the best consultants in the world. Considering that, I think it's possible that he might be reaching his goals, they're just not what we assume they are.
I've seen varying levels of this general idea that Musk somehow is still playing some 4d chess and the downfall of twitter is the plan, but it's really not. Twitter was already a niche generally. I only know like 2 people IRL who were on twitter, compared to basically everyone on Facebook, for example, and you can check the stats, twitter commanded way more mindspace than it actually had.
And even if the master plan was to kill twitter - so what? This won't stop anything. There is an argument to be made that all of the journalists and what not coalesced over there, but that's just not going to stop happening. It's like if someone wanted to kill instant messaging. "HA HA ICQ, this time I've got you!" Except, it's not the platform that's important, and it's easily replaced.
Even if Elon's plan is "let's federate" it's still an inane way to do it, but this seems like a more likely outcome.
Hanlon again for the win, simplest answer is he's not nearly as smart as anyone pretends.