Man, it just keeps getting worse and worse for Musk. It is hard to imagine a worse take over of a company than Musk has orchestrated. From the very beginning, this has such a total debacle. The initial bid, the cold feet and litigation were bad, but it got so much worse when he actually took ownership. He has long been touted as an uber genius, but anyone with half a brain would have known that given the controversy and FUD around his acquisition, his first move should have been assuring the workforce, taking time to assess who did what, and be very careful not to scare everyone who makes Twitter function to the point that they quit. Instead, he immediately fired half the workforce, before even understanding who, if any of them, should have been fired. He then gave stern ultimatums for others to leave, and, predictably, they have, in such numbers that it now seems likely the whole system will come crashing down soon if he doesn't figure out how to get them back or make new competent hires ASAP.
It's like he brought a new house and decided to burn most of it to the ground. At the moment, I imagine no one else would pay even 1/3 of what he did to acquire the company--it is amazing how quickly he has devalued his acquistion. He has dug himself a deep hole and if he doesn't figure out a better path forward soon, this may go down as one of the worst business decisions in history, and a HUGE opportunity for Twitter alterantives.
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Originally Posted by ironfist
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