this post was submitted on 12 Feb 2024
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Elon Musk Bought Twitter to Settle His Jet-Tracking Beef, New Book Claims (gizmodo.com)
submitted 9 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • Elon Musk purchased shares of Twitter after unsuccessfully petitioning the CEO to remove a Twitter account tracking his private jet.
  • Musk's personal gripes played a key role in his $44 billion acquisition of Twitter.
  • Musk banned the account after promising not to, highlighting his prioritization of getting his way over free speech.

Archive link: https://archive.ph/ttBv9

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[–] Sludgehammer@lemmy.world 84 points 9 months ago (13 children)

I think he was trying to get out of Twitter and wanted to do a real life version of his Dogecoin pump and dumps. You know, talk a big game, hype up how the stock is gonna go to the moon after he brings his genius to bare on the company, then dump the stock and pull out of the deal. However, during the hype phase he managed to say some legally binding things and suddenly found himself forced to honor what he thought was going to be empty hype.

[–] underisk@lemmy.ml 23 points 9 months ago* (last edited 9 months ago) (1 children)

He did more than say legally binding things. He signed a contract. That had a clause in it to prevent him from backing out, because the management at Twitter fully expected him to try it. I think he had made several gestures at buying before to try and get some kind of influence over how it was being run, so they drew up the contract to make him put up or shut up.

[–] Quadhammer@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

Makes you wonder what the og twitters guys are doing now besides drinking mai tais on the beach

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