Re: What were people expecting?
Erm, Musk signed a contract to buy the company without a letter of intent and due diligence. He could only break contract by paying a large exit fee. And meanwhile he was shitposting about Twitter and interfering with its stock price and spooking advertisers. Hence a lawsuit to compel him one way or another to the terms of the contract. Plus usual legal discovery etc.
And so he bought Twitter. Have to wonder what he was scared would come out through discovery to take that path.
And before Musk, Twitter was on a relatively even keel. Some losses, but also signs of profitability. Maybe they would have had some layoffs but it would have been measured and not chaotic.
After Musk, advertisers are abandoning the platform by their hundreds of millions of dollars and he has taken on huge debts to finance his buyout. The company is hemorrhaging money all thanks to Elon and at some point it will fail. It'll either go chapter 11, or he'll firesale it to someone else. I'm sure his apologists will pretend this is all him playing 4D chess rather than as his unfiltered stupidity finally catching up with him.
Biting the hand that feeds IT
