Inside the world of mad billionaires
Business Standard|November 08, 2024
Two things about this book and its authors. One, this is the most unputdownable non-fiction that I have read this entire year.
PROSENJIT DATTA
Inside the world of mad billionaires

It can hold its own against the best of fiction thriller page-turners available today.

Two, despite the brilliant reporting, writing and analysis by the authors, I suspect Elon Musk is having the last laugh. He may have massively overpaid for Twitter—now labelled X—on a whim with borrowed money, and then gone about destroying its value through all sorts of erratic behaviour, but he used it potently in the current elections and can take credit, at least partly, for Donald Trump's win. I also suspect he feels that the money spent was worth it for this reason alone.

Now to the review proper. Character Limit is not just a blow-by-blow account of how Mr Musk took over Twitter for a staggering $44 billion, almost all of it borrowed and what happened once he got his hands on the platform. It is also the story of Jack Dorsey, the other protagonist involved in the building of Twitter, the machinations and office politics that saw him being ousted as chief executive officer (CEO) and plotting his way back, and then his inability to run it properly and letting it lose steam until Mr Musk, who loved tweeting first and thinking afterwards, decided to suddenly announce that he was going to mount a bid for it.

This story is from the November 08, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 08, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Pope urges 'all people of all nations' to silence arms
Business Standard

Pope urges 'all people of all nations' to silence arms

Pope Francis in his traditional Christmas message Wednesday urged \"all people of all nations\" to find courage during this Holy Year \"to silence the sounds of arms and overcome divisions\" plaguing the world, from the Middle East to Ukraine, Africa to Asia.

time-read
1 min  |
December 26, 2024
Business Standard

Women in auto sector grapple with low wages, surging finger injuries

The severity of injuries among women in India's auto sector has been rising steadily from 2019 to 2024, according to the latest report by the Safe in India Foundation (SIIF), released last Friday.

time-read
1 min  |
December 26, 2024
Regular staffers in CPSEs decline 3.14% in FY24
Business Standard

Regular staffers in CPSEs decline 3.14% in FY24

Share of contract workers rises 8.8% to 704,565 in the same period

time-read
2 mins  |
December 26, 2024
AI to D2M—DPG 2.0 needs deep-tech action now
Business Standard

AI to D2M—DPG 2.0 needs deep-tech action now

From artificial intelligence to direct-to-mobile broadcasting, India faces a technology strategy dilemma on whether to develop indigenous deep-tech ecosystems or to follow the lead on technologies developed outside India.

time-read
3 mins  |
December 26, 2024
SURETY VS GUARANTEE
Business Standard

SURETY VS GUARANTEE

Surety bonds have begun to outshine bank guarantees. But did they come in too late?

time-read
4 mins  |
December 26, 2024
10 Picks Tailored for 2025 Market Terrain
Business Standard

10 Picks Tailored for 2025 Market Terrain

These stocks, handpicked by top brokerages, offer a blend of value and growth. After declining 13-37% from their 52-week highs, these scrips boast reasonable valuations and high return on equity, signalling strong upside potential. KRISHNA KANT outlines the blueprint for gains

time-read
1 min  |
December 26, 2024
Business Standard

Shah, Naidu, other NDA leaders meet at Nadda's residence

Leaders of the National Democratic Alliance (NDA) met at BJP president J P Nadda's Delhi residence on Wednesday on the birth centenary of former prime minister Atal Bihari Vajpayee.

time-read
1 min  |
December 26, 2024
PM Recalls Ambedkar's Vision, Slams Congress
Business Standard

PM Recalls Ambedkar's Vision, Slams Congress

Prime Minister Narendra Modi on Wednesday accused Congress of ignoring Dr B.R. Ambedkar's contribution to the development of water resources in the country as he laid the foundation stone of the Ken-Betwa river linking project in Madhya Pradesh.

time-read
1 min  |
December 26, 2024
AAP Schemes Disowned by Delhi Govt's Own Depts
Business Standard

AAP Schemes Disowned by Delhi Govt's Own Depts

After the Bharatiya Janata Party (BJP) and the Congress termed two of the Aam Aadmi Party (AAP)'s recently announced welfare schemes a hoax, two senior Delhi government officers issued public notices on Wednesday disowning these schemes.

time-read
2 mins  |
December 26, 2024
Business Standard

Lock in long-term returns with non-par plans

With markets doing well for four years, many investors turned to unit-linked insurance plans (Ulips). However, with volatility increasing, traditional non-participating (non-par) insurance plans are gaining popularity for their guaranteed, tax-free returns.

time-read
2 mins  |
December 26, 2024