You think he's taking Twitter on purpose?
It feels like it. >> I do too.
>> Yeah. >> It feels like it.
Drums.
Why, do you not?
No, I mean unless you're the most mental person on Earth,
nobody wants to lose $44 billion.
>> I agree with that.
However, I feel like there was too much traction being gained with so many people
communicating for grassroots movements that go against what he stands for.
So the best way to hinder that communication is shutting it down
completely.
I don't think Twitter was in his best interest.
He could at times manipulate the stock market, there was that powerful tool.
But as you have said, younger people are more progressive,
they're communicating on Twitter.
They're not communicating as much on other social media platforms.
So the best way to destroy a people's movement where a lot of people
were communicating is to just simply fire the engineers,
fire the staff, tank it, and hopefully we'll be able to start over.
But there's just too many moves that have happened to make me seem
like he's just in it for like, he's just in it to prove how dumb he is.
I think that's fool's gold.
I don't think that's it at all.
>> So I have a different theory, but I'm curious about yours.
>> Yeah, I really think that it's the exact type of thing we see like in
Hollywood when someone writes a really good script and they're a young writer,
there will be people who buy the script because it's similar to something they're
already pursuing just to kill the script, that happens all the time.
And we see all these businesses when they become monopolies,
they buy up their competition.
I think we've never had people with this much money and this much power.
Now that we have billionaires that have amassed this fortune,
they wanna maintain the status quo, they wanna keep this system where they can
endlessly be accumulating wealth and power.
And for Elon, it was like, yeah, I can take out some loans with the bank,
leverage them against the stock that I have in Tesla, get this done.
>> No problem, take this thing.
Worst case scenario, I have to declare bankruptcy and then I can restart again.
That would be a smart financial move.
So I think, yeah, I think Rick is right that what he's trying to do is quell
grassroots movements that are questioning billionaire's power in our society.
>> No, you guys are giving him too much credit.
So protecting the status quo, ending these movements,
he doesn't even know those things.
No, look, my theory is much simpler.
He was bullied, and you mentioned bullying of these type of kids,
he was bullied when he was younger.
And so all these guys on Twitter told him that they love him, right?
And they're like, my God, you're great, you're gonna be our savior.
And he bought into the idea that he was gonna be their savior.
And it's hubris and there's a reason why every novel,
a lot of movies focus on hubris because that's what happens.
So look, A, no one wants to lose $44 billion, B,
his overall net worth has now dipped $100 billion since this whole Twitter
nonsense started cuz Tesla stock is crashing.
And part of the reason Tesla stock is crashing is because they think Elon
musk is spending too much time on Twitter instead of on Tesla.
So it's just been an epic disaster.
And the number one thing with these guys is ego, Okay?
So he is now no longer the richest man on Earth.
I bet you that's killing him.
>> Without a doubt, yeah.
>> Killing him.
>> Yes. >> So
he wouldn't have thrown away that money.
He really thought he was gonna nail it and
he was gonna be the hero of all these Musk's stands on Twitter.
>> Yeah, and he also has like a huge Reddit page, but I wanna go back to
something that you just said, which is he doesn't really know a lot of the stuff
that goes into, it sounded like you were saying right wing politics.
>> So to just go off of that, he's been communicating with the surname,
which is, he's been communicating with the Boebert's, he's been communicating with
all of those people on Twitter to amplify their messages over and
over again because that is now the accepted wing of what he wants to do.
For him to become an even bigger billionaire, he has to buy into that sort
of stuff, so I think he's actually very aware of what he has to do.
At times it's calculated, at times it's irrational.
But what I do think is, to just get rid of our voices from criticizing him,
that is the ultimate bully move.
It is not to say, well, you know what, I wanna prove everyone wrong.
No, no, no, it's to silence us literally.
>> Yeah I think when he posted no negative tweets, negative tweets,
hateful tweets will not be favored in the algorithm anymore,
you will have to intentionally search for that content.
So now billionaires deciding what qualifies as a hateful tweet which is just
so scary to me.
And I think the best summation of what we have here, I don't know if he initially
started talking about buying Twitter with this in mind.
But I think once he started talking about it,
there were very powerful people that were like you should man and
we'll support you because this is in our interest politically.
But someone tweeted, insecure billionaire,
insecure crybaby purchases a criticism factory.
And I think once he saw the kind of criticism he was getting he was like
yeah I'm with those guys, we're gonna take this thing.
>> Yeah, no I'm not buying it, those are fun conspiracy theories but
I'm not buying it.
>> [LAUGH] >> So look even if they get rid of this,
so let's say Larry Allison gave money instead of he's gonna owe all those guys.
He's not gonna owe them money, but
he's gonna be kind of- >> Indebted.
>> Humiliated that that he blew all their money, right?
>> Yeah. >> So and
that's gonna be terrible inside of the club.
So but it is amazing what successful people, how stupid they can be.
>> And it's probably because they just can't help themselves in hearing what they
wanna hear, who listens to Lauren Boerbert or this toxic Mike Sanovich and
thinks genius, nailed it.
These are the guys who were right about politics.
Lauren Boerhbert, come on, you can tell she's an idiot?
>> Who recording Mother Jones just one also.
>> Yeah, that's right, I just got called and not that he got called,
the democrat conceded.
So that race is over.
But he wants to hear that he's great, and he wants to hear that,
you know what, the right wing is right.
The rich people shouldn't be taxed that much, and all their companies should be
deregulated so they can break any law they like, right?
>> Yep. >> So when the Sanovich of the world
telling that, yeah man, you are awesome and you should be above the law.
The law is for little people, he's like, yeah, that sounds really smart.
Yeah, I'm a right winger now.
Yeah, okay?
So he kind of walked over to this place where he thought he was
gonna be a hero and come to find out, he's kind of an idiot.
And so I don't know if he was an idiot about everything, got weirdly lucky.
I mean he got born into a family with Emerald minds.
>> Yeah, exactly.
And then- >> That is why.
>> And then happened to be at the right place at the right time etc.,
he must have done some things, right?
But right now, I mean publicly, every move has been ridiculously stupid.
>> Yes.
>> And we could all see it with our own eyes.
You don't have to be a business genius to see it.
>> Yep. >> So I think he blew it, and I think he
lost a lot of money, and I think that he's hard dog, don't ask him if he's all right.
So but we'll see, I mean, and remember guys last super last thing on it,
if Twitter goes down, it doesn't really matter.
Cuz a new social media platform will come up.
They're not gonna be able to they have to shut down the entire Internet to
shut our voice off, right?
And I noticed by the way the great irony of the guys who say, we're for freedom and
we're cancel culture, right?
>> Of course.
>> But it's of course, it's the exact opposite.
All critics, I hate them, shut them down, shut them down, shut them down,
cancel them all, right?
But they can't, people are just gonna pop up somewhere else.
The real kill shot was net neutrality.
Thank God, that was one of the best reasons for Biden winning.
And Biden has been disappointment in a lot of different ways.
But at least he brought net neutrality back which Trump had gotten rid of.
That could actually shut down the whole Internet and
put corporations as the only gatekeepers, right?
Now that they haven't done that, it doesn't matter if Twitter goes away.
Thousands of other things will pop up, including by the way-
>> I disagree.
>> Something we're gonna do.
>> Yeah.
>> Okay, all right.
>> Look, I know we gotta move on, we shot a look at each other once you were like,
the next thing is gonna come up like this is been-
>> I think it will take time.
>> Yeah, this is years and years, decades in the making to where it is today.
I think that's obviously much easier said than done.
People are like go to Mastodon, go to this, go to that.
Yeah, people are gonna be, companies rather are gonna be competing for
that next space.
But it's so much easier said than done because they already put in the legwork
to make what was, let's be honest at times a hellscape, but it was our hellscape.
>> [LAUGH] Well let's see what happens now.
If I'm right, he's gonna try to rescue it.
I don't know if he will, but he's very unhappy about how things have been.
There's no way you're gonna convince me that he's home and he's like nailed it,
lost $100 billion, but I shut down everybody else's voice.
No, I would be shocked.
>> And you really gotta hit the last word in?
>> Shocked, yeah, I know.
I'm sorry guys.