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Showing posts from May 11, 2022

What Is Musk Actually Up To With Twitter?

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As I've already said here, my take on Elon Musk is related to what I've gleaned about earlier American industrialists like Rockefeller Sr, Edward Harriman, Cornelius Vanderbilt, J P Morgan, Andrew Carnegie, and Jay Gould. They didn't get that rich without knowing something, and that included knowing how to make a buck. I'm starting with the assumption that Musk knows more than most people about how to make a buck, and making a buck is his main interest. It's worth noting that his best-known early investment was with the predecessor to PayPal, which revolutionized checking by eliminating the float, the extra balance everyone could carry by waiting days for checks to clear the bank. Musk knew something and figured out how to make a buck from it. And oh by the way, along with the web, it transformed mail order. As a result, his takeover bid for Twitter must not be just a quixotic gadfly gesture. He was able to get financing for his bid, which he wouldn't be ab...