but I have yet to hear someone clearly articulate why poopoobrain over there would do something so dumb intentionally.
Because it distracts from the fact that leveraged buyouts are almost always meant to kill the business in the long run, and such distraction reduces the chance of regulation against the practice. People don’t think Twitter is failing because it had $13bn of debt it could never afford, they think it’s failing because Musk is a poor businessman. That isn’t to say Musk is a great businessman acting like a fool, rather, he is a clown acting like a fool.
I think if Musk had made a genuine effort to buy Twitter there wouldn’t have been so much debt saddled onto the business. Musk was forced to make the purchase, but the nature of the purchase has subsequently been tailored into sinking the ship. One of the first things they did was stop paying rent - if this wasn’t a sign of a business doomed to failure I don’t know what is. The business will die a death, and everyone it owes money to will be left fighting over the ashes.
Because it distracts from the fact that leveraged buyouts are almost always meant to kill the business in the long run, and such distraction reduces the chance of regulation against the practice. People don’t think Twitter is failing because it had $13bn of debt it could never afford, they think it’s failing because Musk is a poor businessman. That isn’t to say Musk is a great businessman acting like a fool, rather, he is a clown acting like a fool.
I think if Musk had made a genuine effort to buy Twitter there wouldn’t have been so much debt saddled onto the business. Musk was forced to make the purchase, but the nature of the purchase has subsequently been tailored into sinking the ship. One of the first things they did was stop paying rent - if this wasn’t a sign of a business doomed to failure I don’t know what is. The business will die a death, and everyone it owes money to will be left fighting over the ashes.