Even Musk admits that Twitter may go bankrupt because the company is dysfunctional. Some conspiracy theorists believe that he is driving it toward the brink because he didn’t want to buy it. But the risk remains that Twitter will go bust and cost thousands of people their jobs in the process.
This will also affect the livelihoods of workers in other industries. Many freelance journalists depend on the platform to share news and make connections. Furthermore, it’s a popular advertising platform for many businesses. It’s also an important way for creators to engage with their followers (via NPR).
The only thing that’s bigger than Musk’s bank balance is his ego. He famously gave Ukraine access to his Starlink internet system. But then he retracted it after they criticized his perspective on Russia’s invasion of the nation. In short, Musk doesn’t like it when people mock or analyze his viewpoints (via Insider).
This is a fatal flaw in many of the world’s most notorious leaders because they can’t accept that they’re wrong. Musk is ruining Twitter with his damaged ego. That’s because he won’t accept that he is trying to fix something that wasn’t broken. All he had to was leave it alone and let the experts do their job.
Musk’s lack of self-awareness is a serious issue that is damaging his image in front of the world. He had an exchange with the author Stephen King on the platform but failed to realize the latter’s contempt for him. Meanwhile, he continues to insult and trade jibes with others regularly (via Futurism).
He once tweeted that he didn’t want to boast but that he’s the best at humility. It’s safe to say that this was a tongue-in-cheek joke but it says a lot about him. Like many billionaires, Musk believes that he is infallible and incapable of making mistakes. But that’s one of the main reasons why he is ruining Twitter.
It’s safe to say that most billionaires don’t care about other people. Their dominant interest is making as much money as possible and building legacies. Meanwhile, many of them don’t suffer if a company goes bust because they have stakes in other businesses (via WGBH).
That’s one of the main reasons why Musk doesn’t worry about ruining Twitter. It doesn’t matter that it had a vast workforce or that many people from other professions depend on the platform. Musk has several other major companies and will stay rich if it fails. It’s disgusting that one man can cause so much damage without any consequences.