Elon Musk has lost a gigantic part of his fortune. He was even displaced as the richest person in the world because of his losses.
For whatever reason, a lot of people believe that whatever a rich person says must be gospel. Elon Musk took advantage of that by buying stocks in certain companies and then fluffing them on Twitter to juice their stock price. Or he would shitpost about a company and then buy the stock cheap when it fell.
The SEC got tired of these antics and finally had enough. See here:
SEC.gov | Elon Musk Settles SEC Fraud Charges; Tesla Charged With and Resolves Securities Law Charge
But that didn't stop Musk. He decided to gaslight Twitter users and said he would buy Twitter for well above the current stock price.
So Twitter sued him to do just that, and Musk lost in court. So he was forced to buy Twitter.
Musk had to borrow $44 billion to buy Twitter. He's losing his ass.
We are all familiar with his attempts to cut costs and raise money. Mass layoffs. A three-tiered pay-to-play check system.
But he's still losing his ass. Advertisers are fleeing. He's bleeding money.
Even worse, Tesla stock is crashing due to a loss of confidence in Musk's ability to pay attention to that company.
What to do. What to do.
Musk is now attempting to boost traffic on Twitter by shitposting. Musk is a world class troll. Nobody shitposts like Musk.
Musk also allowed Trump back onto the platform in an attempt to boost traffic. But so far, Trump isn't biting. If Trump moves to Twitter, his own Truth Social will tank even worse than it is doing now.
And this is how we have arrived at the Hunter Biden nothingburger. Musk played up a rather boring conspiracy into a scandal for the ages.
Twitter took down some dick pics of Hunter Biden at the request of the Biden family. OHMYGODZOMG!!!
Twitter withheld a link to a NY Post story about Hunter's laptop for TWO WHOLE DAYS!
Liberal environmentalist Elon Musk is punking the MAGA herd to boost traffic on his failing platform.
That's. It.