Monday, November 07, 2022
Slashing His Reputation
Elon Musk is flailing and slashing at Twitter in his efforts to cut costs. In doing so, he is destroying his reputation as an astute businessman. His downfall began with wildly overpaying for the service after trying to back out of the deal. Now, he is trying to stop the bleeding -- $4 million a day. He cut too deeply in employee ranks and had to rescind some layoffs. He is trying to roll out a subscription service but that is not going well. Advertisers are leaving and key influencers have abandoned him. One wonders if Musk has finally met his match and he will go down as one more overly ambitious entrepreneur who fatally believed he could do anything successfully. It's a sad come-down for a Silicon Valley genius but, perhaps, inevitable.
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