I really don’t understand why there hasn’t been a hostile takeover to boot him out of the company yet. Capitalism is all about money, money, money and “shareholder value”, yet they keep letting him tank that company into the ground.
He stacked the board with people who are loyal to him. That’s how he took control of Tesla to begin with. He didn’t found the company, he stole it from the original founders.
The lion’s share of the money is held by Conservative billionaires. They like his propaganda machine, because it allows them to gradually rob the US in broad daylight while Elon jingles keys to distract everyone who should care.
What few ultra-wealthy people who aren’t Conservative either can’t or won’t try to take it over because it would be a huge expense, they also get benefit from the ultracapitalism it promotes, and/or the current SEC and FTC would never allow it (they work for Trump, not the people).
Like Tesla, social pressure on the users is about the only thing that will exert any meaningful influence upon Xitter. The billionaires enjoy Elon being in charge, otherwise.
I really don’t understand why there hasn’t been a hostile takeover to boot him out of the company yet. Capitalism is all about money, money, money and “shareholder value”, yet they keep letting him tank that company into the ground.
He stacked the board with people who are loyal to him. That’s how he took control of Tesla to begin with. He didn’t found the company, he stole it from the original founders.
The lion’s share of the money is held by Conservative billionaires. They like his propaganda machine, because it allows them to gradually rob the US in broad daylight while Elon jingles keys to distract everyone who should care.
What few ultra-wealthy people who aren’t Conservative either can’t or won’t try to take it over because it would be a huge expense, they also get benefit from the ultracapitalism it promotes, and/or the current SEC and FTC would never allow it (they work for Trump, not the people).
Like Tesla, social pressure on the users is about the only thing that will exert any meaningful influence upon Xitter. The billionaires enjoy Elon being in charge, otherwise.
the same reason they couldn’t kick out Walt Disney or Henry Ford. during fascist times, there’s no reason for companies to hide their politics