Elon Musk is by no means stupid. No one who creates his own company and in the process becomes one of the world’s richest people can do so without having considerable acumen in some areas of life. But such people can be, and often are, jerks and narcissists who get carried away by their success in one area to think that they somehow have a general ability to succeed at whatever they do that they can apply anywhere. That is what seems to have happened with Musk. Musk was a highly successful user of the Twitter platform, having close to 100 million followers, and was able to use it to sway financial markets and bring attention to himself. This must have made it seem that he could easily run it even better and draw even more attention to himself and was why he rashly made an offer to pay $44 billion for it, a figure that analysts said was way too high. After he realized that, he tried to back out of the deal but was sued and had to go through with it. After being forced to buy Twitter, Musk said in a tweet that he did so not “to make more money. I did it to try to help humanity, whom I love”. And there was much laughter in the land.
[Read more…]