Did Elon Musk Make the Worst Business Move Ever? - podcast episode cover

Did Elon Musk Make the Worst Business Move Ever?

Jul 22, 202313 min
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Episode description

In this clip, we delve into Elon Musk's staggering $44 billion acquisition of Twitter. Was this a strategic masterstroke or could it be one of the biggest missteps in business history? We'll analyze the deal's financial implications, examine Musk's potential strategies, and weigh the pros and cons of this controversial move. 


Join us as we explore whether this could indeed be the worst business decision ever made. #elonmusk #twitter #business


Link to full episode: https://www.youtube.com/live/G-hGZb8s-6w?feature=share (https://www.youtube.com/live/G-hGZb8s-6w?feature=share)


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Transcript

Speaker 1

An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from Al Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christy nom the United States

Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you are here illegally, your next you will be fined nearly one thousand dollars a day, imprisoned, and deported. You will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally.

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Speaker 2

Sponsored by the United States Department of Homeland Security.

Speaker 3

Let's focus on Elon Musk. Now, we talked about Mark Ratcle is obviously I think one of the greatest, and then of course Elon Musk is one of the greatest CEOs. Of all time as well, from what he's did with PayPal to SpaceX to Tesla Tesla. But even the greats don't always aren't always successful. He pays forty four billion dollars for a company that nobody thought was worth forty four billion. He took all the verification badges away, which that didn't work out in his favor, specific tries to

limit tweets, then gets copied in the same week. Will this go down in history as one of the greatest mumbles ever?

Speaker 4

I believe so, and I'm not saying it to be sallacious, but I'm trying to think of some of the acquisitions. Of course, Facebook bought stole Instagram for a billion dollars. I think YouTube is like one point two like forty four billion is the GD of some small countries for not even like the fifth most popular social media app. And then also too like he got back into buying it by mistake, which was a win for.

Speaker 2

The shareholders at the time. So like just speaking.

Speaker 4

Out of turn, you have to be back into like financing and then putting up some of your classic shares to buy a dying product.

Speaker 2

I think we can all agree that when we wake up and you guys.

Speaker 4

Can put yes and chat in the comments, but no one here thinks about getting on Twitter for even this. I see some of the employees at Twitter posts on Instagram before they do their own Twitter page, and they work at Twitter.

Speaker 2

No one loves the environment.

Speaker 4

The one thing I can say from the people I've talked to at Meta since they have done the layoffs, and it was like there's like some survivors remorse there in HQ and the New York office. They are excited to be there now though, because they feel like some of the restrictions that were on them before have been taken off and now they get to create freely.

Speaker 2

And also too, we can talk about this. When you have a hit that works for.

Speaker 4

You, it's easier to put energy into that hit, like the Ghana thing gives us life. Like in Keys as a high level conversation, he does some with Billy that gives it life, like you guys do something with Steve or like episode was Symbol eighty five, which is great.

Speaker 2

It gives you life. So now like the building is energized.

Speaker 4

It's almost like when Universal has a hit record and the entire building is behind that song. It's been a research and that's not there in Twitter. So I think this will definitely go down as like one of the top ten mistakes. If he isn't able to turn us around by twenty twenty seven eight, this would be one of his biggest blunders. But I always have said I'm looking forward to see Eline be just extremely focused on Starlink, Tesla,

maybe hyper loop. But you have to have extreme focus to make these projects work, especially when you're doing like multi billion dollars like deca billion.

Speaker 2

Businesses are international. It takes too much work to pull off.

Speaker 4

Pull this offt for three companies and then having an era a forty four billion while the economy was going down.

Speaker 2

It was just a missign.

Speaker 5

One of one of the things you listed that he is great at creating companies, but one of the things that we forget is that he's one of the greatest marketers as well. Absolutely, and like we've seen that with the companies he's created, we've seen that inside the cryptocurrency space,

and for this time it's actually been the inverse. His negative talk about Threads is actually catapulted to a success right after right like it's it's first, it's I want to fight him, then it's I want to challenge them to other things. Then it's the lawsuit and all that has done has catapulted threads and Mark Zuckerbert's profile.

Speaker 4

And then that Luckerberg got on Twitter after eleven years and started posting exactly.

Speaker 5

So it's like you you've now made this guy like And now with one of the articles we were talking about the Wall Street Journal utcle how Elon has made Marcus Zuckerberg cool again, which is like interesting because that I'm sure that's not the atten you're looking at your business, but you're right, man, like, stopping and bleeding is one thing. I'm not sure how you do that, But does that now allow you to refocus on the main thing or

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Speaker 2

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Speaker 5

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Speaker 1

An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from Al Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christy Noman, the United States

Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you are here illegally, your next you will be fined nearly one thousand dollars a day, imprisoned, and deported. You will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally.

Do what's right. Leave now. Under President Trump America's laws border and families will.

Speaker 5

Be protected sponsored by the United States Department of Homeland Security is created.

Speaker 2

Hey, I can't be the CEO of this.

Speaker 5

I can't smart should a long time ago, which is which is smart? But does that now become for the next six to twelve months, do they become the full person for the lack of success if there is.

Speaker 2

If that is the case, what's.

Speaker 3

The difference between Elon Musty and Yay.

Speaker 2

What is the difference? Yeah, you asked my question.

Speaker 3

What's the difference?

Speaker 4

I think the difference is like Kanye got railroaded by idea. If we're gonna talk about the sneaker, his the rug got poured from underneath him.

Speaker 2

Elon caused this mistake.

Speaker 4

Like I'm trying to think what company right now is worth buying forty four billion and it's not that many.

Speaker 2

Twitter isn't one of them. And if we can argue Twitter.

Speaker 4

Hasn't affected lit ui ux been updated probably since what twenty eleven, twenty two, Like, when's the last time people had a great time on Twitter at scale? Maybe twenty thirteen, twenty fourteen. The business was never great even when it was still publicly traded, Like the shareholders were happy to sell that to him just to get a little bit above break even. I think it's like, if we're going to speak honestly, Twitter being mismanaged is one of the biggest blunders.

Speaker 2

In tech history. Well beay, they had a lot of fanfare.

Speaker 3

Well when I say what's the difference, like public perception? Because I say, what's the public perception? What's the difference between Elon Musk and Kanye West?

Speaker 2

I'm mad. I'm taking this out a rhetorical question because you're going to tell.

Speaker 3

Us, yes, the difference is that Elon Musk is white. Because the things that Elon Musk does, if any other person of any ethnicity did it, especially if he was black, he would not only be ridiculed, laughed at, called mentally ill, he would probably they would try to probably.

Speaker 2

Oh yeah, he'd be thrown out.

Speaker 3

Take him from take all everything he had from him, take his company away, say he's not fit to run a company. But it's just amusement. So when he goes on Twitter and he challenges Markus Zuckerberg to a penis testing contest.

Speaker 4

And for those of you who are listening, this is a literal tweet.

Speaker 2

This isn't and no, that's clean.

Speaker 3

That's the what I just said with the Queen so and this is the second richest person in the world saying this on Twitter at some point. And it's freedom of speech. You can say whatever you want. But let's think about it, because, like I said, a variety of different things that Kanye has done or his actions, he has been called mentally ill, and maybe he is, but

I've never seen that. I've never seen that same pushback or that same egregious type of vibe for Elon Musk when he continuously every every day only person he's up there with Trump as far as the thing that he's that he said, and he's never apologized for it, and he's never even criticized for it.

Speaker 2

Nor is a.

Speaker 4

I mean, the interesting thing is like if nothing else would make him fix, this.

Speaker 2

Is just a loss from threads.

Speaker 4

Nothing Like my mother always says, like, if you want to hit a person hard, hit him in their pockets. And Zuckerberg has done this, whatever mma fight he wanted to do with UFC, Zucker's Johnny Bones.

Speaker 2

Jones right now, first round, knockout. You have to go.

Speaker 4

You can't you can't joke your way out of this. This reminds me a lot of the Drake and Meek Mills situation. Zucker Burger's underdog.

Speaker 2

Drake came out swinging game set match.

Speaker 4

You have to readjust especially while we're in an economic decline, because as a result, if Tesla does not continue to do well, delivery numbers were great, but if the shareholders are not getting a value. Steve Jobs arguably to me, is like top four CEO all time.

Speaker 2

When they took over Apple, we came back to better CEO.

Speaker 4

I would hate for this kind of action, and these kind of statements lead to a potential corporate takeover. The boy of Testaboo, the boy calling him in front of meeting, he needs to get focused.

Speaker 1

An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from Al Salvador accused of murdering a Texas. Man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christy Noman, the United States

Secretary of Homeland Security. Under President Trump, Attempted illegal border crossings are at the lowest levels ever recorded and over one hundred thousand illegal aliens have been arrested. If you were here illegally, your next you will be fine nearly one thousand dollars a day, imprisoned, and deported. You will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally.

Do what's right. Leave now. Under President Trump America's laws, border and families will be protected.

Speaker 2

Sponsored by the United States Department of Homeland Security,

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