Elon Musk is considering taking X out of Europe amid EU compliance investigation
www.businessinsider.com
As X, formerly Twitter, faces increased scrutiny in the EU and use falls, Elon Musk has floated drastic action.

As Twitter, renamed X, faces increased scrutiny in the EU and usage falls, Elon Musk has floated drastic action.

  • @indigomirage@lemmy.ca
    9•1 year ago

    It is increasingly likely that the point of purchasing Twitter was to destroy it.

    Edit - FWIW, I waffle back and forth on this one. I mean, the guy’s not a complete idiot. Though I don’t certainly think he’s the genius people often think he is. He’s needed had a fair amount of luck and self-serving coercion to get where he is. The Twitter stuff is just so blind to market reality that I wonder if there’s some self-sabotage in there?

    (Either way, I am genuinely enjoying the the follow-on comments here!)

    • Pons_Aelius
      1•1 year ago

      Nah, he never wanted to buy it.

      It was a pump and dump and then the SEC forced him to actually buy it.

      He tried to back out but was forced to complete the sale.

      Now he has no idea what to do with it and is just digging himself deeper and deeper and deeper.

      • @microphone900@lemmy.ml
        2•1 year ago

        What was Elon Musk’s strategy for Twitter?

        Well, he is kinda following a random message he got from an unknown person:

        The three texts were sent on April 4, 2022. In the nearly 18 months since then, many of the decisions Musk made after he bought Twitter appear to have closely followed that road map, up to and including his ongoing attacks against the Anti-Defamation League, a nonprofit organization founded by Jewish Americans to counter discrimination.

        The text messages described a series of actions Musk should take after he gained full control of the social media platform: “Step 1: Blame the platform for its users; Step 2: Coordinated pressure campaign; Step 3: Exodus of the Bluechecks; Step 4: Deplatforming.”

        Seems he’s killing it to get cheers and adulation from the far right.

      • @hoshikarakitaridia@sh.itjust.works
        0•1 year ago

        porque no los dos?

        I think he found himself between a rock and a hard place having to buy Twitter, but now he is realizing he can’t make his money back and his attempts to alter the platform to his liking are failing miserably as well, he is probably dead set on killing it for good.

        • Pons_Aelius
          0•1 year ago

          I’m not so sure.

          He owns it outright now.

          There are no other shareholders to answer to.

          If he wanted to close it down tomorrow, he could just turn off the servers and sack everyone.

          • @orcrist@lemm.ee
            0•1 year ago

            It is likely that some of his employees have contracts, and he might have to pay out the remainder of those contracts, depending on the details and national labor law.

            • @hoshikarakitaridia@sh.itjust.works
              2•1 year ago

              I also think as he doesn’t align politically with a lot of ppl on Twitter, he might wanna phase it out slowly, so there’s no sudden jump in other platforms trying to take over the role of Twitter.

              Ofc I have no evidence for that, but I could see him doing that.

  • @Foni@lemm.ee
    4•1 year ago

    A few years ago Facebook made the same threats and they are still there, screwing up. They are still empty threats and we all know that they will not do it