And in the process destroying so much. Twitter is going to lose most its value and be sold in a fire sale at some point. I doubt it will ever recover.
He’s destroying lives too. ~3700 Twitter employees got randomly fired. Maybe Twitter needed a haircut but 50%? Plus you know many of those people had spouses and children. Add that to the total. There are people whose entire income as software developers is for Twitter apps. If Twitter goes down they’re in trouble.
His other businesses are taking reputation hits by proxy (he doesn’t look like such a good/smart businessman anymore does he?).
And of course there are 40m daily active users. Even if only a small percentage really enjoy it that’s millions of people losing something they really like (like me).
All because he didn’t want to lose a $1B lawsuit and risk whatever would come out in discovery.
When this is over I just can’t see us ending up in anything but a net-negative for everyone.
I’m not. I suspect it would have proved some kind of real fraud on his part, or more likely perjury. And he knew if that came out he’s be facing slam-dunk prison time (among other things).
I think it was the first real consequence he has had to face in a very long time and it was a BIG one. And he was so scared this was the better option.
That’s the theory that makes the most sense to me. The breakup fee of $1B was a lot of money but seems like he’ll lose way more than that in the end on this path.
>All because he didn’t want to lose a $1B lawsuit and risk whatever would come out in discovery.
WTF are you talking about? In no world was there a $1B lawsuit. I don't know how anyone is possibly parroting that point given that it has been repeatedly debunked since it was first uttered. It's like someone read a contract, saw that $1B was mentioned somewhere in it and just decided that that would mean whatever the fuck they wanted it to mean. The lawsuit was almost certainly going to end with musk being forced to buy the company.
If he doesn't ruin twitter I will be sorely disappointed. I have no care at all for the twitter employees, you may as well ask me to sympathize with Phillip Morris workers getting laid off because cigarettes fall out of favor. The sooner he crashes that whole company into a wall, the better.
He’s destroying lives too. ~3700 Twitter employees got randomly fired. Maybe Twitter needed a haircut but 50%? Plus you know many of those people had spouses and children. Add that to the total. There are people whose entire income as software developers is for Twitter apps. If Twitter goes down they’re in trouble.
His other businesses are taking reputation hits by proxy (he doesn’t look like such a good/smart businessman anymore does he?).
And of course there are 40m daily active users. Even if only a small percentage really enjoy it that’s millions of people losing something they really like (like me).
All because he didn’t want to lose a $1B lawsuit and risk whatever would come out in discovery.
When this is over I just can’t see us ending up in anything but a net-negative for everyone.