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This website is not intended to ridicule Elon Musk, but rather highlight the harm to society caused by billionaire oligarches by showing why it is unwise to place so much power, influence, and admiration into the hands of a man who clearly appears to be a narcissist and clearly appears to have the mental abilities of an arrogant selfish bullying eight year old boy.
Another widely criticized aspect of Musk’s X takeover has been his handling of how he generates money for the company — or rather, how he doesn’t. A recent valuation from Fidelity “implies that it believes X is now worth just $9.4 billion — a far cry from the $44 billion Musk paid,” said CNN. This represents an 80% decline in value in the platform since Musk’s purchase. Part of this decline in value has been an exodus from advertiser spending after Musk endorsed another antisemitic conspiracy theory. —Elon Musk’s most controversial moments, The Week, 18 Oct 2024
Musk likely didn’t do himself any favors with these advertisers when asked about the incident, either. During a summit with The New York Times [behind paywall link], Musk accused advertisers of trying to blackmail X by pulling funding. He told them to “go fuck themselves” and seemingly admitted that it would “kill the company,” bizarrely saying they should “see how Earth responds to that.” —Elon Musk’s most controversial moments, The Week, 18 Oct 2024
The slew of bad press was X’s “final final goodbye to big advertisers,” Digiday said. Despite this, Musk seemingly “couldn’t care less.” —Elon Musk’s most controversial moments, The Week, 18 Oct 2024
Note that Elon Musk specifically said he “couldn’t care less.”