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this post was submitted on 17 Aug 2023
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People seem to think he’s trying to make X successful. That’s not the point at all. He’s trying to convert what was once a useful commons into a smoking hole full of trolls and conspiracy theories. There’s just no other reasonable way to look at his actions.
I've been saying this for awhile now. It's the only reason he made that very public offer at the specific price he put out. He knew he couldn't back out. He knew the line he was crossing so it wasn't a spur of the moment purchase. He got Larry Ellison and a Saudi Investor involved. They didn't all have the same crazy idea. These guys know they're on the hook to the bank for whatever but between the 3 of them they'll cover the losses and this big hub of rumor/news sharing will die. and they can stay mostly unharmed.