Is Elon Musk going to turn into the same sort of
joke that Trump has become?
Arwa
Mahdawi
Musk’s cult-like fans haven’t entirely lost faith in
their leader yet, but it’s getting a lot harder for him to keep up his image
Sat 24 Dec 2022 14.00 GMT
Was 2022
the year the Musk myth died?
I hate it
when I have to do this but here goes: I was wrong. I was very, very wrong. Back
in October, when Elon Musk’s $44bn acquisition of Twitter was finalized, I
predicted that the social network would become a lot nastier but ultimately
keep chugging along. I assumed Musk had a couple of brain cells and a little
self-restraint; I assumed he wasn’t going to drive away Twitter’s advertisers
by making erratic business decisions; I assumed he was going to be at least
somewhat sensible. After all, he did have $44bn on the line.
I assumed
wrong. Watching Musk run Twitter over the last couple of months has been like
watching a toddler trying to drive a train – “chaotic” doesn’t even begin to
cover it. He’s fired half his staff; realized that some of the staff he fired
were actually pretty important or were laid off by mistake and been forced to
try and lure them back; told everyone the entire company might go bankrupt;
made important business decisions via Twitter polls; suspended reporters who
aren’t sufficiently deferential to him and then un-suspended them after
backlash; spread conspiracy theories and misinformation; lost 50 of Twitter’s
top 100 advertisers. The turmoil at Twitter has even spread to Tesla, cratering
its stock price – and Musk’s net worth.
Could
anyone really be this incompetent? Musk’s leadership has been so bizarre that
it has even given rise to theories that the billionaire is intentionally trying
to sabotage Twitter. These theories remind me of the early days of Donald
Trump’s presidency when some people assumed that the president of the US
couldn’t possibly be so inept; there must be some kind of method behind Trump’s
madness. Turns out, no. Trump wasn’t playing “four-dimensional chess”; there
was no method just madness.
Is Musk
going to turn into the same sort of laughing stock that Trump has become? It’s
starting to look that way. Which would be quite the character arc. Musk’s
biggest life achievement, after all, isn’t building spaceships or electric
cars, it’s building his brand. He’s managed to position himself as a brilliant
visionary who has devoted his life to saving human civilization. There is very
little evidence to support this image when you look deeper but that hasn’t
stopped an enormous number of people (mainly men) from buying into Musk’s
bullshit. Even Bill Gates once gushed that “we need a lot of Elon Musks” in
order to save the world. It seems he may have changed his mind on that lately;
Gates recently described Musk’s management style at Twitter as
“seat-of-the-pants type activity.”
Musk’s
cult-like fans haven’t entirely lost faith in their leader yet. However you’ve
got to wonder how much longer they can keep drinking the Kool Aid. It’s getting
a lot harder, for example, for Musk to keep pretending that he is a champion of
free speech when he’s suspended numerous journalists he doesn’t like. It’s
getting harder for him to cling to his credibility when his companies are
hemorrhaging money. It’s getting harder for him to portray himself as an
important CEO of multiple companies when he appears to spend every waking hour
tweeting about pronouns and running Twitter polls. Musk has promised us all he
will resign as Twitter CEO soon but he’s going to need to do a lot more than
just step down for his reputation to recover from this damage. It may have
taken $44bn, but it seems like the myth of Musk might finally be cracking.

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