You could have just said "wrong."Twitter is nowhere close to biggest, you are deeply deeply confused
There's something in the "reshape the world" tech utopianism that tends towards fascism. You can see it in longtermism pretty clearly.He's brought back Trump (who just had dinner with avowed white supremacist Nick Fuentes and [sighs] Kanye), Marjorie Taylor Greene, etc and now he's banning - personally, it seems in some cases - high-profile anti-fascist accounts, under the guise of "restoring an even playing field". I'll be honest, the blatancy of it has surprised me. Peter Thiel you always knew had that cold hard fascist steel in him, but I didn't expect to see Musk so open and aggressive about it.
It seems strange that tech of all sectors is home to the most hardline reactionary views in all of corporate America. Or idk maybe it isn't.
Tesla was insanely overvalued even by tech standards, so much so that even after losing half its peak value its p/e still at 56, 2.5x the S+P 500 average (its peak was something wild like 75 iirc), so the bubble was always going to burst at some point. Tbf the decline started well before he bought Twitter, it's lost more like 20% of it's value in the last month than half. Can't imagine the ongoing Twitter disaster is helping tho.When do investors start to get concerned that he's too distracted with nonsense trolling?
That is unfortunately trueThere's something in the "reshape the world" tech utopianism that tends towards fascism. You can see it in longtermism pretty clearly.
Reminds me of Henry Ford in some ways.
I wouldn't say this was surprising, exactly. Fascism is full of contradictions has always been eclectic in the things it adopts, co-opts, or fetishizes. You could say it's been consistently inconsistent.The destructive impulse of fascism I fully understand in tech - disrupt, move fast break things, build the new world on the ashes of the old
What I understand less is the other side of fascism - the appeal to traditionalism, return to a mythical golden age - which would seem to be totally at odds with that forward impulse of tech