this post was submitted on 12 Feb 2024
822 points (92.9% liked)
Technology
59534 readers
3195 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah, no. Musk bought Twitter because he HAD to. He very publicly made comments about buying Twitter at absolute meme-stock prices, but didn't disclose that he already owned a LOT of Twitter stock. So, when his comments predictably increased the price of Twitter stock, he had two choices: Either it was just talk, and he was BLATANTLY guilty of stock manipulation and the Feds put a target on his back, or he acts like he totally meant it.
So he went with option two, acted like he was serious and wanted to buy twitter. Then he tried everything he could think of to kill the deal, accusing Twitter of all sorts of wrongdoing and lies, but Twitter was more careful than that. They got their shit right, and Musk couldn't back out. So he bought Twitter, rather than go to prison.
The fact that he could also kill the tracking twitter account was completely incidental. Musk is an idiot, but even he isn't that stupid. Musk initially offered $5,000 to the account holder to stop, and then balked at the return offer for $50,000. Now, I may not be a billionaire tech-bro, but I'm pretty sure that spending $50,000 to achieve a goal is preferable to spending $44,000,000,000. He's dumb, but he's not that dumb.
This