Elon Musk knew he made a bad bet on Twitter. He was right. (www.axios.com)

submitted 1 year ago by stopthatgirl7@kbin.social to c/technology@lemmy.world

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Friday is the one-year anniversary of Elon Musk's $44 billion takeover of Twitter, which he subsequently renamed X.

The big picture: Musk gets to benefit from the long-term nature of private equity. Which is good for him because, in the short term, this deal has been a steaming pile of blue bird poop.

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[-] Steve@communick.news 24 points 1 year ago* (last edited 1 year ago)

Exactly.
"Never attribute to malice that which is adequately explained by stupidity.".
- Hanlon's razor

this post was submitted on 26 Oct 2023

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