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by skc 515 days ago
Whatever. I think X has been Musk's most spectacularly succesful investment.

44 billion was a pretty small price to pay for the ultimate propaganda bullhorn.

1 comments

He has failed in his fiduciary duty to other investors. If your goal is to build a propaganda bullhorn as opposed to maximizing returns for your investors then don't take money from other investors or at least warn them.
The most powerful country on the planet has been taken over by oligarchs and your concern is for the investors? As someone who regularly invests in high risk stocks, you'd have to be a complete fucking idiot not to see this coming.

The investors backed Elon Musk, a man with a long history of picking fights with the SEC, breaking labor laws, and being a manchild - why would they expect something different?

It is only after he bought Twitter that he revealed his true self. Up until that time he seemed like a sane person.
You haven't been paying attention. This guy famously called a diver a pedophile because he insulted his half-baked submarine idea. That was 7 years ago.

Also, if you were really an investor ready to commit large amounts of money, you could do a basic amount of research and talk to people that have worked with Elon. I've known people that have worked for him going back over a decade and they have all had horrible things to say about him.

Right, he did call a diver a pedophile. But overall he seemed sane back then. As far as people who worked with Musk saying horrible things about him, isn't that true for just about every CEO?
There is a difference between "wow my CEO really sucks" and "wow my CEO had another kid with an employee, regularly talks about the importance of breaking labor laws, shows up to work visibly high on a regular basis, and enjoys making racist comments about Apartheid."
Well, "pedo guy". Which a court decided was along the lines of calling someone a wanker etc rather than a literal accusation. https://www.bbc.co.uk/news/world-us-canada-50695593
> Right, he did call a diver a pedophile. But overall he seemed sane back then.

… Eh? I mean, that feels like setting an incredibly low bar for sanity, tbh.

It had been very obvious for quite a while at that point… Ever since his PayPal days he seemed anything but sane.
No, you just weren’t paying attention. Remember the magic cave submarine?