[kwlug-disc] Trust in Musk.. or go to NextCloud

Khalid Baheyeldin kb at 2bits.com
Thu Nov 3 11:36:22 EDT 2022


One of the issues is that he bought it on a whim. I saw this described as a
manchild
wanting a toy.

He offered a huge sum,  financed the deal himself, while its stock price
plummeted,
then tried to get out of the deal, then bought it anyway for what he
offered initially
($44 billion).

He also fired almost all management on day one, so continuity will be an
issue.

And now, he has to figure out how to make money from it. He is floating the
idea of
charging for the checkmark. The author Stephen King voiced his objection,
and
Musk tweeted back "How about $8 then"?

He does not have a plan or a vision this time, contrary to Tesla and SpaceX.
Maybe he can turn that around like all the mis-steps with his endeavours
before
this one, but who knows ...

Here is the financing part:

https://www.aljazeera.com/economy/2022/10/28/how-elon-musk-financed-his-twitter-takeover
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