Post
Topic
Board Economics
Re: Elon Musk and the fall of Twitter
by
bangjoe
on 26/03/2023, 18:08:03 UTC
Although he is financially one of the richest businessmen in the world, it is also worth noting that the share prices of his other companies could fall through losses on his Twitter purchase. In my opinion his main mistake was disregarding public sentiment. What is your concern?

He is a genius and he will certainly surprise you and everyone.

Maybe not all his companies will skyrocket,  but most of them are

Let's not confuse Elon's eccentric personality with his abilities and virtues, which he clearly has.

Yes, Elon Musk has a personality that is quite unique, it is likely that he will surprise his followers, I feel that I have such expectations, but if you look at the condition of the company he has held to this day, it has experienced a fairly high decline, including Tesla, which is the main focus. has a decline in stocks to free fall to the bottom, so that the status of the richest man is no longer within him.

~
Although he is financially one of the richest businessmen in the world, it is also worth noting that the share prices of his other companies could fall through losses on his Twitter purchase. In my opinion his main mistake was disregarding public sentiment. What is your concern?

For a genius that he is... I think there he has good reason why he has offered to sell twitter for half the price because to me Elon does not appear to be the kind of man that does something without having a solid reason behind it, although what have had planned with twitter didn't go well.
And I also agree with you that he neglected public sentiments and also most of his action made twitter looked like a place without freedom, because if anyone should go against him the person would risk losing his account.

A good reason as he suggests, most likely selling Twitter to cover losses or raise funds for his old company, is that it is impossible for a skilled businessman to pursue such a strategy I thought I needed some logical enlightenment.