Even with out the drop in Tesla’s inventory, there was some purpose for concern in regards to the monetary particulars of the acquisition:
It makes you surprise how Musk plans to make this work. Does he assume he’s simply getting a $44 billion toy, a bit of conspicuous consumption much more spectacular than proudly owning a extremely huge yacht? Or does he have a plan to wring more cash out of the platform than its present or previous executives have been in a position to do?
Nonetheless he plans to make it work on a monetary stage, Musk is throwing up pink flags about the way it will work for customers and present Twitter workers. On Tuesday, Musk targeted two Twitter executives in his personal tweets, in each instances piggybacking on assaults on the executives by right-wing media figures in search of Musk’s consideration. Because of Musk’s criticism of Vijaya Gadde, considered one of Twitter’s high attorneys in command of belief and security and authorized and public coverage, Gadde’s mentions filled with abuse, together with overt racism. Musk additionally responded to a tweet by Pizzagate conspiracy theorist Mike Cernovich, saying “Sounds fairly dangerous” in response to Cernovich’s assault on a unique Twitter government.
It didn’t take Musk lengthy to bolster considerations that he would run Twitter in service to the far proper, in different phrases, and allow abuses.
However we already knew that. Fashionable Data’s Judd Legum has detailed how Musk’s commitment to free speech is situational and self-serving, together with Musk’s assaults on journalists who’ve criticized Tesla, Musk’s threats to Tesla employees who’ve mentioned unionizing, and Tesla’s ask to the Chinese language authorities to censor criticism of its merchandise. Musk’s thought of free speech is all about punching down and dogpiling, however stops abruptly when his personal pursuits are concerned.
In regards to the China factor, too: One other billionaire with an excessive amount of energy weighed in with a priority about Musk’s buy of Twitter:
Nobody actually is aware of what the worst-case scenario for an Elon Musk-owned Twitter appears to be like like. However the best-case situation right here may be that he wreaks havoc with poorly thought-out tweets and ones outright encouraging abuse, then loses curiosity earlier than the sale ever turns into ultimate. No matter occurs, it’s assured to be a seamless commercial for taxing the wealthy a helluva lot extra.
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