Elon Musk’s X Is Now Worth $36 Billion LESS Than What He Bought It For — And Now Less Than Its Own Debt, Reuters Estimates

https://lemmy.world/post/6348395

Elon Musk’s X Is Now Worth $36 Billion LESS Than What He Bought It For — And Now Less Than Its Own Debt, Reuters Estimates - Lemmy.world

For as much of a genius that he thinks he is, why didn’t he do literally nothing after he comes on board and watch how twitter functions first before he starts firing people? Wouldn’t you want hire more people instead if you want to implement new features for the super app he is dreaming of?

Hey, if this level of decision making is all it takes to become a tech CEO, maybe I should become a tech CEO if this acting thing doesn’t work out for some reason. Seems pretty easy.

I am sure a guy that helps advance EV industry and develops spaceX knows a thing or two on running a company. From my understanding, since he bought Twitter at such high price, he had to cut cost before he was swimming in negative cash flow.
He didn’t design any EV or rockets. On top of that the best mode of transportation in the future is train rail. He completely stopped the California Hyperloop and now is digging holes underground with le epic meme company name.

Little correction here, Musk proposed the pie in the sky Hyperloop idea to stop the California High Speed Rail from being built.

If you are ever in LA, you should drive by the sad looking Hyperloop prototype next to SpaceX headquarters in Hawthorne (don’t get out of the car, not a safe area) and you will immediately see how ridiculous the entire Hyperloop idea is.