Rebranding was so urgent that he didn’t wait for a finished logo? I have to admit, I’m baffled. With his other changes I can at least imagine a thought process behind it, this one seems to be something he just woke up and decided to do all of a sudden.
He’s not, though. He’s had plenty of successful companies that have done some pretty amazing things, and he’s become a multi-hundred-billionaire starting from a relatively extremely small amount of seed funding.
I suspect that his successes in other fields may have led him to think he would be just as good at running a social media company, which isn’t going so well for him.
Saddle Twitter with the debt you now have as a result of buying Twitter
Invite all the previously-banned bigots and hatemongers back on the site
Make your staff’s lives hell, including bullshit ‘performance’ stuff like checking how many lines-of-code they write, so most of them are either fired or leave on their own
Raise API prices sky-high, get ridiculed
Lock everything behind user log-in, logged-out users can’t see anything
Rate-limit how many things logged-in users can do
Break widgets
Was once the public square of the internet, now weather services are moving to Mastodon
“why are we still losing money >:(”
Initiate a half-assed rebrand to “X” but the logo, 𝕏, is literally just a mathematical symbol. Who needs copyright on your billion dollar company’s brand identity, eh?
Whoa, be careful everyone, these are the slick moves of a master genius!
It’s entirely possible that he was smart, I’m sure he was to an extent, but I believe that Space X and Tesla have better structures in places for managing/limiting Musk’s direct influence, and I also believe that, like many of the super rich, he’s succumbed to a form of right-wing brain rot over the years. His brain is now smooth and toxic.
Snopes article on the “emerald money” story. TLDR, “A story about Musk’s father once owning an emerald mine evolved into a larger rumor that had no evidence to support its central claim.”
i mean, that’s still way more wealthy than most people. i don’t think i know anybody who had 28,000 buckaroos of money to burn on their child’s business venture. and the article that you linked does say that musk’s dad made around 400,000 dollars off the emerald mine, which is… still more wealth than most people will see in their lifetime. according to Errol, he sent money he made off the emerald mine and by selling his yacht to Elon and Kimbal to pay for living expenses while they were studying in the US.
Most people don’t get seed money from their parents, but the median American will inherit $70K from their parents.
Regardless, most people who start a business can take out a loan. And to put things in perspective, even opening a fast food restaurant will require over $200K.
In other words, the advantage that $28K gave Musk was nowhere near enough to open a small restaurant, much less automatically turn him into a billionaire.
He bought a company that got bought by PayPal. He didn’t build anything he didn’t run anything. He bought an existing company that got bought out. At SpaceX and Tesla they have entire structures created to stop Elon from fucking up shit and to manage him. If you need your company organized to manage the owner and stop them from fucking shit up you don’t get to claim to be smart or to build amazing stuff. In every case it’s the engineers that build amazing things despite Elon’s involvement. Elon himself is an idiot.
Rebranding was so urgent that he didn’t wait for a finished logo? I have to admit, I’m baffled. With his other changes I can at least imagine a thought process behind it, this one seems to be something he just woke up and decided to do all of a sudden.
It becomes a lot easier to understand when you remember that he might just be kinda stupid :)
He’s not, though. He’s had plenty of successful companies that have done some pretty amazing things, and he’s become a multi-hundred-billionaire starting from a relatively extremely small amount of seed funding.
I suspect that his successes in other fields may have led him to think he would be just as good at running a social media company, which isn’t going so well for him.
Whoa, be careful everyone, these are the slick moves of a master genius!
It’s entirely possible that he was smart, I’m sure he was to an extent, but I believe that Space X and Tesla have better structures in places for managing/limiting Musk’s direct influence, and I also believe that, like many of the super rich, he’s succumbed to a form of right-wing brain rot over the years. His brain is now smooth and toxic.
It’s far easier to be successful if you’re already rich.
He didn’t start off particularly wealthy.
Exactly! Who’s parents don’t have apartheid emerald mine money?!
Snopes article on the “emerald money” story. TLDR, “A story about Musk’s father once owning an emerald mine evolved into a larger rumor that had no evidence to support its central claim.”
Musk’s first company was Zip2, which he co-founded with two other people and $28,000 of seed capital from his father.
i mean, that’s still way more wealthy than most people. i don’t think i know anybody who had 28,000 buckaroos of money to burn on their child’s business venture. and the article that you linked does say that musk’s dad made around 400,000 dollars off the emerald mine, which is… still more wealth than most people will see in their lifetime. according to Errol, he sent money he made off the emerald mine and by selling his yacht to Elon and Kimbal to pay for living expenses while they were studying in the US.
Most people don’t get seed money from their parents, but the median American will inherit $70K from their parents.
Regardless, most people who start a business can take out a loan. And to put things in perspective, even opening a fast food restaurant will require over $200K.
In other words, the advantage that $28K gave Musk was nowhere near enough to open a small restaurant, much less automatically turn him into a billionaire.
It’s not easy to become a billionaire from 28,000 USD. Definitely not based on luck alone if you grow several businesses.
He bought a company that got bought by PayPal. He didn’t build anything he didn’t run anything. He bought an existing company that got bought out. At SpaceX and Tesla they have entire structures created to stop Elon from fucking up shit and to manage him. If you need your company organized to manage the owner and stop them from fucking shit up you don’t get to claim to be smart or to build amazing stuff. In every case it’s the engineers that build amazing things despite Elon’s involvement. Elon himself is an idiot.