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Fingers crossed that today’s twitter layoffs are the trough and there might be some good things starting in a week or two.
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The persistent danger is all these signs of management by woke-derangement-syndrome. He’s blaming ad revenue drops on activism?? That’s not… a promising thought process to guide a turnaround. You don’t get to creative leaps starting with totalizing political purge missions.
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One thing that’s just sinking in for me is the degree to which Musk is more PE turnaround guy than startup guy. He goes after *old* industries and distressed assets. He bought old Toyota-GM factory for Tesla. Tried to buy Russian rockets before betting on Tom Mueller.
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Redoing this QT. -- Le sigh. Hard not to read what's going on as a sort of very expensive ressentiment mission. But why? Only explanation I can think of is that the financial hole is so deep due to overpayment, the only value to him is as a vehicle for political axe-grinding.
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I don't think it was a conscious pivot, but what started as a casual acquisition/turnaround idea with some spicy culture-war potential is now entirely a vehicle for politics. A sort of de facto third political party rather than a business.
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When 99.999% of the economy is predictable profit based min/maxing why is it automatically so bad when we have a potential situation for something different? Embrace the axe grinding! It will become more common as late stage capitalism continues unfolding