Quote:
Originally Posted by retiredguy123
I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.
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First, as one of the richest men in the world, I will respect his financial planning over any random stranger on the internet.
He did not confide in me on why he wanted Twitter, but $44B is pocket change, so it may have been nothing more than a political statement.
Twitters assets are its clients, that is what he was buying. He said that he had reason to believe they lied about actual numbers or real clients, and many of the accounts were bots. If the lied, that would invalidate the contract.
I have not idea if he is a business genius, but he has innovated several high tech fields more than anyone ever. He is the only viable launch system the US has right now, is offering a global internet to people that never had it before, is perfecting brain computer interfaces, has demonstrated a viable EV, is drilling tunnels faster and cheaper than anyone, has a new cell phone in development, and is preparing a personal robot for sale. If he feels like making a $44B political statement with his petty cash, I don’t see any reason I would want to figure out why…