Could X go bankrupt under Elon Musk?

bbc.com

5 points·belter··7 comments

Does it even matter? I think people have already learned you can’t depend on a single social network. And that dependence was the only thing of value Twitter had; same as with Facebook or Google, everything left there is just a pile of technical debt.

It's kind of fascinating just to see how much metal gets bent in the train wreck. Do the lbo lenders step in and force bankruptcy? Does one of elon's co-investors step In and give him a few months more breathing room? If so how does the cap table change? If cyber truck flops and people realize that Tesla isn't worth 10x BMW, does Elon get a margin call?

Strictly speaking none of this matters. But it's entertaining.

Protocols over platforms is the real lesson here. Especially for our regulators.

Problem is, this isn’t sustainable. Protocols need to evolve to continue being relevant, and vendors use that for their user-hostile needs. See how WWW evolved from hyperlinked documents into a Rube Goldberg remote application protocol.

Besides, those two - protocols and teaching users not to depend on any single platform - aren’t mutually exclusive.

Normally we'd invoke Betteridge's Law, but... actually the answer is "yes".

It’s yes to almost any company under any CEO when no timeframe is given.

Could Disney go bankrupt under Iger? Could OpenAI go bankrupt under Altman? Could Meta go bankrupt under Zuck?

Sure, why not?

True, but let's say the timeframe is rather short with X.

Reply on news.ycombinator.com