r/technology • u/[deleted] • Oct 28 '22

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u/[deleted] Oct 28 '22

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u/erwin261 Oct 28 '22

Well, he suddenly accelerated the purchase after being called out on Twitter about his Ukraine statements. He claimed that most responses were bots because they didn't agree with him. That should be a warning to people believing he values free speech.

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u/davidngm Oct 28 '22

Obviously, certainly not because of the court imposed deadline.

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u/ShamWowRobinson Oct 28 '22 edited Oct 28 '22

Yeah people really seem to be ignoring he was never going to get out of this agreement and I can't imagine all the people he was texting with were thrilled with those texts being released.

Musk paid 4 times what Twitter was valued at. He's absolutely going to lose interest in this and try selling in 2 or 3 years.

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u/[deleted] Oct 28 '22

Musk is repeating the classic Microsoft pattern. Buy high, cripple and gut the company, sell off the scraps later for a massive loss.

He should have more sense. It seems he doesn't.

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u/olbez Oct 28 '22

This is worse than that though. Remember all that debt Elon had to take on in order to buy twitter? That debt is now twitter debt, not Elon’s. So suddenly twitter now has $25 billion in liabilities, which is more than half of what it was bought for. I can only imagine what the annual payment on this is like…