Walter Isaacson returned to CNBC to talk about Elon Musk's efforts to make government more efficient. Isaacson panned Musk in October for jumping neck deep into the political realm. Today he sang Elon's praises. Walter said Musk would do the federal government what he did at Twitter and SpaceX.
Musk jacked up X (formerly Twitter), losing investors big money.
X is worth 72% less than the $44 billion owner Elon Musk paid for the app formerly known as Twitter, despite that Fidelity had recently marked up the value of its shares by 32.37%, according to a valuation from Fidelity.The new valuation — which says the company formerly known as Twitter is now worth $12.32 billion
Driving away nearly $32 billion in valuation does not sound like a success worth emulating.
X's Glassdoor site had the following comments under employee reviews (click on the image to make it larger):
Walter Isaacson wrote a biography on Elon Musk, so he knows the man better than most. Maybe not as well as one of Elon's daughters. Vivian Wilson removed the Musk from her name. She torched Isaacson's work.
“Elon was your darling Tony Stark apartheid-American hero with a semi-tragic backstory who was saving the world and you were too fucking cowardly to write anything other than a sad excuse for a puff-piece,” Wilson wrote in her thread. “To further this goal, you portrayed me in a light that is genuinely defamatory and I’m not going to mince my words.”
Walter is more than an author, he is an Advisory Partner with private equity underwriter (PEU) Perella Weinberg Partners. Isaacson focuses "on client development and providing strategic advice on matters, including technology, innovation and the new economy."
It's always interesting to hear a PEU dismiss conflicts of interest, as Isaacson did on Elon's and even Donald Trump's behalf. The greed and leverage boys have non-lobbying "policy making billionaires." Elected officials take their phone calls and accept their meeting invitations. PEUs can be on all sides of a deal, playing multiple roles on each side.
Saying everything is "at arm's length" and "above board" is pabulum for public consumption. Isaacson basically praised corporate chiefs lining up to kiss the rings of Donald Trump and Elon Musk. That's strategic advice from an insider PEU.
Anything goes, because it's too far gone. Trump and his fellow usurpers have lots to incorporate into their spheres. Donors, step right up. They're adding floors to the Tower of Babel. Get your pre-construction pricing locked in. It's sure to go up and up and up......until it falls over.
