this post was submitted on 19 Apr 2025
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Anyone who is surprised that BlueSky is going down the same path as Twitter (X, not withstanding) belongs on BlueSky.
I think a few more people "get it" every time the cycle repeats, but also, a sucker is born every minute.
If it ends Elon, I’m gonna allow it. If Twitter fails, his stock in Tesla will have to back it. If that tanks… he’ll have to work his way out of bankruptcy. Just squeeze….
He’s already sold Twitter/X to xAI; he’s got his arse covered when the bottom eventually falls out.
That raised some eyebrows. Not sure it’ll hold just yet. Still. His world is getting smaller.
Good thing AI can’t fail.
Oh, no doubt - but he’s no longer personally on the hook for Twitter’s $44b debt-loan!
So when it eventually fails, it’ll be a corporate write-off and Elon’s wealth across Tesla and SpaceX are protected.
Wait is that what happened? Investors in his AI company are on the hook for Twitter now?
The rich really are a vampiric class.
Yes, that’s what happened: https://www.forbes.com/sites/antoniopequenoiv/2025/03/28/elon-musk-says-xai-has-purchased-x-formerly-known-as-twitter-for-33-billion/
For what it’s worth, xAI is still a private company - so at least it’s not retail investors on the hook, just venture capital.
Yeah for the masses they will likely always flock to commercialized easy to use social media that reaches critical mass the fastest, so them being willing to move and keep moving is best we can hope for. For rest of us stuff like fediverse will be there to use.
Even for the internet, this is stupid.
Would it be so bad if it follows the same path as Twitter? If it connects people and organizations in an honest and helpful way for fifteen years?
Or we could all just keep shitting on it while it facilitates social and political movements and enables rapid communication across the planet. Then more than a decade from now when some Ultra-Nazi trillionaire buys it, we can all say "I told you so," and be real smug about it.