this post was submitted on 18 Nov 2023
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How is this benefiting him in any way? Even financially?
It's not. He never wanted to buy twitter, he just wanted to pump and dump the stock, but because he is stupid and the plan was obvious they sued him to make him honor the deal.
So if he just turned around and shut the company down, it would give the SEC legal grounds to argue that his intention all along was market manipulation.
This here is the real answer; Elon doesn’t want X now and he never wanted Twitter. Much like Trump falling arse-backwards into the US Presidency he never actually wanted, he’s now just manipulating the thing he didn’t actually want, but now has, to follow his ego and whims. Trump’s presidency and Elon’s ownership of Twitter share a lot of similarities. Far, far too many similarities.
For what purpose would he attach his baby of X to the Twitter he is intentionally trying to kill?
Trying to make the best of a bad situation, I guess?