AOC isn't alone in calling Musk an idiot: she has plenty of other imbeciles to keep her company. (UPDATED)

Election night, 2016: “It really does now look like President Donald J. Trump, and markets are plunging. If the question is when markets will recover, a first-pass answer is never.”

NYT, October 19 2023: “X, formerly Twitter, may soon offer a lesson in what it takes to make a nexus implode,” Krugman wrote in The New York Times.

Like his lackwit barista friend, Krugman, who finally and mercifully was let go from the NYT last December, wasn’t the only “expert” to decry their better’s folly and lack of common sense:

In Case You Forgot When Every Financial Writer Mocked Elon Musk’s X Purchase

When Musk bought the company for $44 billion in 2022, most critics derided his purchase.

In October 2023, economist Paul Krugman bashed Musk’s project and predicted he would lead his platform into a “death spiral.”

“X, formerly Twitter, may soon offer a lesson in what it takes to make a nexus implode,” Krugman wrote in The New York Times.

In the British publication, The Guardian, former U.S. Secretary of Labor Robert Reich lambasted Musk’s decision to fire the majority of Twitter’s workforce, over 6,000 employees.

“Without this knowledge and talent, Twitter is a shell – an office building, some patents and a brand – without the capacity to improve or even sustain its service,” he wrote. “It’s unlikely to fail all at once, but bugs and glitches will mount, the quality of what’s offered will deteriorate, hateful tweets will burgeon, and customers and advertisers will flee.”

Daily Caller:

While many advertisers left X, contributing to a decline in total revenue, the company is more profitable now than it was before Musk took over.

The company brought in $5 billion in revenue in 2021, the last full year before Musk took over, and reported earnings before interest, taxes, depreciation and amortization (EBITDA) of $682 million, X recently reported to shareholders, according to The Wall Street Journal.

The company also reported that while X’s 2024 revenue was just more than half of pre-Musk levels at $2.7 billion, the EBITDA was nearly double what it was before Musk took over. X reported $1.25 billion in 2024 earnings. (RELATED: SEC Sues Elon Musk For Buying ‘Artificially Low’-Priced Twitter Stock. His Critics Agreed He Overpaid)

The company is bringing in less total money, but it’s more profitable under Musk, at least in part due to low overhead from slashing employees.

That last part sounds familiar.

UPDATE: No wonder federal workers are so frightened:

Within hours of acquiring Twitter, Musk had fired its top executives; within days, he’d laid off around 3,500 employees, around 50% of the company’s total staff. Ultimately, he trimmed 80% of Twitter’s workforce, demanded everyone return to the office, and often required employees to work far more than 40 hours a week.