QuirkyAd2001

QuirkyAd2001 t1_iww498n wrote

Reply to [OC] The business track record of Elon Musk by born_in_cyberspace

Are you out of your mind??? You can't come on to a social media platform with any data of any type that remotely indicates the richest business man in the world is in any way the slightest bit successful at business?!?!? Clearly he is a moron that through pure luck stumbled into his wealth in the most least deserving way and everything he has ever touched is a lie and façade that will all collapse at any moment and then everyone will know the truth that he is witless con artist!

Take Elon's acquisition of Twitter for instance. Surely everyone remembers in 2020 when Professor Scott Galloway of NYU Stern School of Business wrote an article saying "Twitter has massive potential and would register a 20% increase in value upon moving to a subscription model. After cleansing its platform of rage-generating bots."

And now that Elon has taken over Twitter and vowed to cleanse it of bots and introduce an $8 a month subscription, 2 days ago Professor Scott Galloway said “I think this is an individual who has demonstrated a total lack of grace, has no guardrails around him, and is going to see his wealth probably cut in half.”

Likewise in 2021 every tech news outlet reported how Twitter's $677,000 of revenue per employee was less than half that of their competition Facebook, Alphabet and Apple and cited the fact Twitter had twice the staff they should in regards to the revenue they brought in as the main reason for the stagnate stock price while their competitors were booming. And the general consensus from professor Galloway and many others was that Jack Dorsey needed to be fired as CEO so someone could come in an literally layoff half the staff.

Now that Elon has laid off half the staff, like every business person in the world said Twitter should have done 1 year ago, the media cries "Twitter staffing at critically low levels as chaos ensues..."

Look, Twitter may not be a viable profitable business in the long run. Even Elon said that before he bought it. It may go bankrupt. And his "style" is abrasive. But before he took Twitter over, every one who is anyone in tech business media said the things he has done are the things that needed to be done from a business perspective. And now those same people are all screaming foul! Not because what he is doing doesn't make good business sense. But because it is him doing it and they do not approve of how he has done it.

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