[wpietri]

> SpaceX’s near-infinite fundraising capacity

I have to wonder how sustainable this is. From the perspective of an investor, I would not be excited by Tesla being down 70% off peak and Twitter becoming the most notable corporate clusterfuck of the year. Investing in SpaceX these days seems like a bet that the CEO will be so distracted by his other problems that he won't have time to mess with the people actually running it.

[bboygravity]

Do you have ANY substantiation for Twitter being a coorporate failure or are you just parotting the biggest Twitter competitors (newspapers)?

[wpietri]

What I actually said is "most notable corporate clusterfuck of the year".

We don't know how it's actually going. Musk is a notorious BSer, and as a privately held company, they don't have to release actual numbers.

But Musk took a company that was doing just fine, made a weed-joke-priced offer, changed his mind, tried to BS and wriggle his way out of the deal, and grudgingly went through it when it became obvious a chancery court judge was likely to force him to buy it anyhow. With that alone it was probably the most notable corporate clusterfuck of the year.

And that's before the actual takeover, where he loaded it up with so much debt that -- and this is according to him -- it could very well be bankrupt in short order. He then flailed around with his amateur-league management dramatics for months in ways that if you somehow missed, you can Google. All while ignoring a much more valuable company that's the source of his wealth as its stock price plummeted by 70%.

If you think there's a more notable corporate clusterfuck in 2022, please do name it.