Technology

58303 readers

8 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

839

Elon Musk Bought Twitter to Settle His Jet-Tracking Beef, New Book Claims (gizmodo.com)

submitted 9 months ago by AnActOfCreation to c/[email protected]

178 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] -3 points 9 months ago (1 children)

I wouldn't doubt that was his initial motivation for making the suggestions.

I also remember that he tried to back out of buying Twitter multiple times. While doing so he was pretty public about all the crazy crap he would do with Twitter.

Despite all that Twitter went to a judge and got them to force Musk to complete the sale. He's a crappy CEO for Twitter but it's kind of on the former Twitter leadership for forcing that situation.

[–] [email protected] 16 points 9 months ago

He offered Twitter more money than the company was worth with no due diligence.

The leadership of the board could have been sued by shareholders if they didn't push Elon to actually pay over market value.

The end goal of any for profit leadership is to make as much money as possible and exit.