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Fortune
Fortune
David Meyer

Elon Musk admits X is on death row—but he won't save it

NYT Columnist Andrew Ross Sorkin and C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. (Credit: Michael M. Santiago—Getty Images)

Let me preface the following by apologizing to the readers who sometimes accuse me of writing about Elon Musk too much. As I told the last one: The longer the period between the occasions where I need to write about the man, the happier I am. Obviously, an interview in which Musk repeatedly urges advertisers to self-copulate, and to avoid advertising on X, is one of those occasions.

Now, I’m no advertiser-relations veteran like Linda Yaccarino is, but I suspect Musk’s profanity-packed reaction to the exodus of X’s advertisers (itself a reaction to X running their ads next to toxic content) will make the CEO’s job harder. Here’s Yaccarino’s message to advertisers, following what she described as Musk’s “candid” interview: “X is standing at a unique and amazing intersection of Free Speech and Main Street—and the X community is powerful and is here to welcome you. To our partners who believe in our meaningful work—Thank You.”

And to the rest, presumably, the boss already said it. Musk clearly won’t back down, even if, as he himself admitted, the advertising boycott will “kill" X. "The whole world will know that those advertisers killed the company, and we’ll document it in great detail," he bristled.

Musk’s interview with Andrew Ross Sorkin at the New York Times DealBook Summit was extraordinarily revealing, not just in terms of his obstinance and his predilections for victimhood and taunting people—all regularly evident on his X feed, though the live performance is a different experience—but also because of what Musk said about himself. His mind is a “wild storm,” and an unhappy one at that. He has too many ideas and an inability to execute on all of them.

Whatever you think of Elon Musk, he is very consequential to our age, so his willingness to turn himself inside-out is a public service of sorts. He is clearly a deeply thoughtful person, and he likes to share the results. But while that can be rewarding at times, some of the views he expresses get him into richly deserved trouble and make usership of X and ownership of a Tesla an ideological choice that most people would rather not have to make.

(Regarding his recent antisemitic X post, Musk apologized and said it “might be literally the worst and dumbest post I’ve ever done”…then immediately attempted to justify it, arguing that his endorsement of someone’s claim that Jews promote “dialectical hatred against whites” was a reaction to Jewish people funding “radical Islamic groups,” which they apparently do out of a “natural affinity for persecuted groups.” I was watching from behind my hands at this point.)

Musk’s was not the only good interview to come out in the last day. Sam Altman also spoke to The Verge’s Alex Heath about his defenestration from OpenAI, and his now official rehiring. (Microsoft now gets a non-voting observer role on the OpenAI nonprofit board, which seems like a compromise that will at least allow it to avoid being blindsided like it was earlier this month, though it may fall short of the influence Microsoft might hope for as owner of 49% of OpenAI’s commercial arm.)

Altman repeatedly refused to address the events that led up to his firing by OpenAI’s former board and dodged a question about whether he himself wants to be on the new one, but he nonetheless had some interesting nuggets to share. Apparently, OpenAI “did not lose a single employee [or] a single customer” during the fiasco. The company’s “governance structure had a problem” that will take a while to fix.

“My immediate reaction [to the firing] was sort of one of defiance, it was like, ‘Man, I’m hurt and angry, and I think this sucks’,” Altman said, but he was able to “snap out of it and get over the ego and emotions” and then agree to return. Finding out the company could function without him (for five days, but carry on) was “a very nice thing” because “either I picked great leaders or I mentored them well.”

Okay, it’s not Musk-grade transparency and headline-making, but that may be wise. More news below.

David Meyer

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