Elon Musk keeps sinking to new depths. In his latest escapade, one of his employees was so baffled by the confusion that reigns at Twitter, he asked for clarification on whether he was still employed or not. He responded by firing him, insulting him, and ridiculing him for having a disability.
That’s a lawsuit right there. The man’s disability is muscular dystrophy — he’s going to die from it. Also, one of the reasons for the confusion is that his employment was a special case. He’d founded a company that Twitter bought for $100 million, and he’d generously taken his buyout in the form of wages over an extended time, and the whole sum will come due when his employment ends. Like, when Musk fires him.
Also, he seems to be a genuinely good guy, a kind of anti-Musk.
Musk keeps detonating these bombs of incompetence. I agree with this fellow who thinks Twitter is doomed, and the collapse is coming fast.
It’s already real bad over there. Elon Musk said yesterday that ad revenues have fallen 50%. The site is experiencing major outages almost once a week. During the most recent outage earlier this week, Elon was laser-focused on the important stuff: reply-guying Jordan Peterson. The Twitter Blue rollout has been such a disaster that he fired almost the entire team. The company isn’t paying rent on its office space. It recently tried to create a new income stream by selling office plants to employees.
But take a deeper look and the company is in even worse shape than it appears. Twitter has two financial time bombs waiting to go off. My hunch is that Elon will file for bankruptcy as soon as one of these time bombs self-detonates. I can’t say exactly when that will be.
I give it about six months.
The two time bombs are 1) a battery of lawsuits from all those fired employees for unlawful termination, and 2) a collection of massive fines from the FTC and the EU. He can’t avoid those. He paid too much for a company he bought as a present to his ego, and he’s been making it cataclysmically worse. I’m just biding my time, waiting for the inevitable and spectacular splash when Musk crashes.











