It’s not just lemmy that’s benefiting from Elon Musk.
I wonder if previous twitter execs are feeling a bit bad to have sold him twitter to see it destroyed like that.
I mean it certainly proves Elon is an idiot as he used fraud to manipulate the price and got played instead.
But was it worth it to let him destroy Twitter just because he tried to defraud it?
They got $44 billion, double what sane people thought the company was worth. It would be irresponsible not to take Elon for a ride.
Responsible financially, as agents of the corporation, sure. And I understand why they did it. Morally though (and I would argue civilly) it was wildly irresponsible. Thousands of people lost their jobs, hundreds of people are now forced to work at Elons insane business under threat of deportation if their visa is invalidated, and hundreds of millions lost a trusted, dependable direct link to governments, public figures, and other notable people. The world is a worse place for having let this deal happen. What is responsible financially is often irresponsible in pretty much every other way, and I wish this perspective was represented more.
As a shareholder in a number of other large corporations, I would actively like for buy-outs like this one to fail, even if it would make me a quick buck now, even if that quick buck is a lot. I much prefer stability to major erratic changes, even when they benefit me.
An easy counterpoint to what you just said: mahney. Nobody cares about doing the responsible thing when billions are on the line. Also, a lot of people say they wouldn’t do something for a billion dollars which just boils down to “you didn’t get a chance like that and you never will”. Hypotheticals are easy till it actually happens to you.
hundreds of millions lost a trusted, dependable direct link to governments, public figures, and other notable people.
It should not have been trusted and pervasive to such an extent. If anything, better to cut the dependency now than later.
