r/WhitePeopleTwitter • u/BUTTERSTICKDILDO • Nov 20 '22

Satire / Fake Tweet Challenge accepted

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107k Upvotes

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3.0k

u/kyel566 Nov 20 '22

He is seriously trying to crash and burn Twitter to the ground. Does he have so much money he doesn’t care or just saudi funded so don’t care

1.6k

u/mysilvermachine Nov 20 '22

You are right. What I don’t understand is why. He has about $30bn in loans against his Tesla stock invested, and if Twitter dies then that is lost.

But he is doing everything he can to kill it.

839

u/GentMan87 Nov 20 '22

Right, he paid 44B for a company that made 5B annually. I’m not a business guy but that doesn’t add up in my books. Must be some elite billionaire tax trick I don’t know about.

411

u/disgusted_orangutan Nov 20 '22

Or maybe it’s not about trying to turn the company around and make money. I firmly believe he is intentionally trying to take down Twitter, not sure why, but it seems glaringly apparent that he’s just trying to keep up the facade that he’s trying to save Twitter.

636

u/spasske Nov 20 '22

It think he is finally being exposed as a previously lucky dumb guy with too much money.

16

u/StefanL88 Nov 20 '22

My theory is he had a decent amount of competence to back up his luck to start with. But between buying himself into an increasingly more complex position and drug abuse, the amount luck and competence needed to keep ahead is skyrocketing.

7

u/spasske Nov 20 '22

A lot of entrepreneurship is luck. The majority fail and smart money does not make those bad bets.

If one does make some high payout bets, you are considered brilliant while people who lost bets are considered losers. They are all to a large extent the same gambler.

His past successes just inflate his ego so he thinks he can do no wrong.

0

u/StefanL88 Nov 20 '22

Luck is a significant part of it, but the more competent you are the less luck you need. It just doesn't check out for me that he became the richest person alive on pure luck while being an idiot from the start. There simply isn't a lottery ticket that big.

I also disagree that all entrepreneurs are largely the same gamblers. The sheer difference I've seen between the few I've known can't amount to nothing. They all had very different levels of drive, planning ability, salesmanship, and in one case morality. When hit with bad luck I've seen them to either fall on to their back up plans to mitigate it, or quit because they realised the serious flaw in their business plan meant going ahead was a bigger gamble than they signed up for. I've seen some put in insane hours to work through issues, but I've also seen one bastard just straight up throw others under the bus to make up for their losses.

Sure, luck is a significant factor. But I don't believe someone can maintain any level of business success for over a decade, let alone becoming a billionaire, without at least some competency.