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I agree with one point of exception:

Saying post-Musk Twitter is using the private equity playbook assumes that Twitter is being handled according to a playbook rather than being done by an incompetent narcissistic sociopath who hyped his way to being a very overvalued) billionaire, bought a company on impulse, and is now has to make more money off Twitter than is likely even possible in order to pay back said loans.

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I don't like him either, but I don't subscribe to the Musk model where he's simply a chaos agent with no regard to consequences of any sort. He didn't want Twitter and got locked into buying it after losing a game of chicken, and now he's scrambling to make some sense of what he's got.

Musk bought Twitter with the same results a redneck buys a jacuzzi at the county faire - it was an expensive impulse purchase and the moment after buying it all your left with is regret

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