Elon Musk knew he made a bad bet on Twitter. He was right.

https://www.axios.com/2023/10/26/elon-musk-twitter-x-bad-bet-private-equity

Friday is the one-year anniversary of Elon Musk's $44 billion takeover of Twitter, which he subsequently renamed X.

The big picture: Musk gets to benefit from the long-term nature of private equity. Which is good for him because, in the short term, this deal has been a steaming pile of blue bird poop.

64 points · 3 comments · view on lemmy.world

3 Comments

Lemmylaugh@lemmy.ml · 10 pts · 2y

All according to plan.

MagicShel@programming.dev · 4 pts · 2y

Fortunately, private equity allows him to follow in the footsteps of MySpace and Yahoo and return to relevance. Some day.

bradorsomething@ttrpg.network · 1 pts · 2y

Twitter is just a shower of babble.