Twitter brings Elon Musk's genius reputation crashing down to earth

[LetMyPeopleVote]

I personally think that Musk is overrated and the fact that he is flopping amuses me. I remember when Musk as a "joke" announced that he was taking Tesla private and then got sued by the SEC. Musk has been under a consent decree with the SEC while he was fighting the twitter fight. I remember when Musk told the SEC that he wanted the consent decree lifted because it was hurting his lawsuit in the twitter dispute. The SEC ignored Musk' request The offer for twitter was stupid and Musk negotiated a horrible merger agreement that waived due diligence and was enforceable by specific performance.

Musk is violating a number of injunctions and consent decrees that will hurt twitter and musk

Link to tweet

https://www.washingtonpost.com/technology/2022/12/24/elon-musk-twitter-meltdown-tesla/

“Historically he’s been a pendulum between genius and reckless,” said Gene Munster, managing partner at Loup Ventures. “He’s on reckless right now. He’s way over recklessness.”

He added, “It leaves people to view him … as slightly less of a genius.”.....

The driving team behind Project Eraser — which carries out functions such as deleting the user data of those who ask, part of compliance with federal requirements — has been gutted. Musk has brought in a new roster of leaders, many who are loyalists.

When one executive met with Musk and voiced concerns about the Federal Trade Commission’s consent decree, Musk assured that person there was nothing to worry about. He said Tesla had plenty of experience on privacy matters, and pointed to his deep knowledge and awareness of the constraints Twitter was under.

Minutes after the meeting concluded, a subordinate of Musk emailed: Would the executive be willing to send over a copy of the consent decree they had just discussed?.....

But analysts have pointed to problems more specific to Tesla and concern with Musk’s time at Twitter, suggesting in essence that the sheen has worn off a company whose value was not rooted in its fundamentals.

“I felt for a while he was given a pass,” said Karl Brauer, executive analyst at the website iSeeCars. “‘Oh, it’s Elon. He’s Midas: If he’s touching it, it’s going to be successful.’ Now a certain number of people have stopped giving him a pass on things that probably should have been looked at a little more critically or acknowledged as potential downside.”

[ProfessorGAC]

1. "...a company whose value was not rooted in its fundamentals."

It took this display of crazy at Twitter for the true value to be determined when everyone knew it was grossly overvalued?

“I felt for a while he was given a pass,” said Karl Brauer, executive analyst at the website iSeeCars. “‘Oh, it’s Elon. He’s Midas: If he’s touching it, it’s going to be successful.’ Now a certain number of people have stopped giving him a pass on things that probably should have been looked at a little more critically or acknowledged as potential downside.”

Aren't they admitting to being suckered?

[oioioi]

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