• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
CommentaryElon Musk

Behind Elon Musk’s chaotic Twitter takeover, look for the ‘yes men’

By
Zoë Schiffer
Zoë Schiffer
Down Arrow Button Icon
By
Zoë Schiffer
Zoë Schiffer
Down Arrow Button Icon
January 19, 2024, 6:24 AM ET
Elon Musk speaks at The New York Times Dealbook Summit on Nov. 29.
Elon Musk speaks at The New York Times Dealbook Summit on Nov. 29.Slaven Vlasic—Getty Images for The New York Times
Add Fortune on Google for similar content.

Elon Musk lives in an echo chamber of his own design–surrounded by yes men eager to tell him whatever he wants to hear. When Musk took over Twitter in October 2022, he brought in a host of advisors, from early Uber investor Jason Calacanis (who texted Musk that he would jump on a grenade for him) to former PayPal COO David Sacks and celebrity lawyer Alex Spiro. All were brimming with ideas on how Musk could turbo-charge Twitter’s potential.

The men agreed that Twitter needed to overhaul its infrastructure and its company culture. Free lunches, office lattes, content moderation policies, and the old verification system were all evidence of the “woke mind virus,” and had to go. They envisioned a free speech platform that prioritized creators and was far less dependent on ads. Musk, in renaming Twitter “X,” is a step closer to realizing his long-held vision of creating an “everything app” for communication and commerce. (I reached out to Calacanis and Spiro for comment on my forthcoming book which goes behind the scenes of the Twitter takeover, but they did not respond.)

A year and a half after the deal closed, X’s core offering remains unchanged. The product is the same as it was, albeit with more bugs (just three weeks ago the platform experienced yet another global outage) and worse ads (including a growing problem with ads promoting crypto spam, ironically one of the issues that has irked Musk for years, even before he bought the company). The company has seen a 72% decline in value since Musk acquired it, according to Fidelity.

Why has the acquisition been such an epic failure? First and foremost, running a social platform requires empathy–a quality Musk decidedly lacks. He centers his own desires in product development rather than those of the users and broader public. Last year, he diverted engineering resources toward finding out why his Super Bowl tweet did not get as many impressions as President Biden’s. Then, he reportedly dismissed the engineer whose data-driven theories were grounded in the idea that it was simply a popularity or likeability issue and not a fundamental algorithm flaw.

Musk has surrounded himself with sycophants who are too scared and self-interested to tell him the truth, challenge his convictions, or ever tell him that he is wrong. One of the stories I cover in my book about Musk’s Twitter takeover involves the alleged lack of relevant technical knowledge Musk brought in from the outside after firing many people with the requisite infrastructure skills. For example, the Tesla engineers who came in to take over believed that X could operate with one data center in the U.S., because that is what Tesla, a hardware company, apparently required. When X prioritized stability over speed, company executives determined it needed four.

Inappropriately firing employees who express anything other than blind support of Musk has cost X, too. Yao Yue, a former X engineer who I profile in my book, filed charges with the National Labor Relations Board, alleging that X fired Yue in retaliation for a Slack message and corresponding tweet in which she urged her colleagues not to resign. In October, she was vindicated when the NLRB issued its first-ever complaint against X. If she wins her case, scheduled to be heard this month, she could receive months of backpay. Beyond Yue, several former X employees are suing Musk for $500 million, claiming that he did not legally pay them the severance they were owed when they were fired. When the media sought a response from X to these allegations, they received poop emojis–a policy announced by Musk on the platform. And in addition to these employee grievances, the Federal Trade Commission and the European Union are investigating X for failing to counter disinformation and being opaque about advertising practices. The company said that it was cooperating with the regulators and reiterated that it’s “focused on creating a safe and inclusive environment for all users… while protecting freedom of expression.”

Musk is spending his time moaning about the pitfalls of diversity and inclusion efforts, telling off advertisers at conferences, and restoring accounts of conspiracy theorists such as Alex Jones. IBM, the EU, Comcast, and others have pulled their ads from the platform citing a rise in racist and antisemitic content. Tools meant to prevent harassment are unable to integrate. The CEO he brought on, Linda Yaccarino, appeared woefully unprepared to speak at the Code Conference–and didn’t seem to know exactly how many daily active users X had at the time. The number she shared, should it be believed, would be a decline from Musk’s own estimation months earlier.

Sadly, there are few people left in Musk’s orbit who can keep him in check. His lieutenants do not seem keen to improve a product, keep users safe, or even push for smart business decisions. Rather, they want to be in close proximity to power, money, or both. For those who are not there to stroke Musk’s ego, but to hold on to a job for visa or family reasons, speaking up is simply not an option. Musk might believe that the criticism he receives on X is an approximation of honest product feedback–but it’s not enough. As a result, one of the most powerful online platforms, and the Internet as a whole, will suffer.

Zoë Schiffer is the author of the upcoming book about Elon Musk’s Twitter takeover Extremely Hardcore: Inside Elon Musk’s Twitter.

More must-read commentary published by Fortune:

  • Economic pessimists’ bet on a 2023 recession failed. Why are they doubling down in 2024?
  • ‘Parroting Putin’s propaganda’: The business exodus over Ukraine was no Russian bonanza
  • WEF president: ‘It’s time to revitalize trade—and reverse the trend of Slowbalization’
  • The anti-DEI movement has gone from fringe to mainstream. Here’s what that means for corporate America

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

About the Author
By Zoë Schiffer
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Commentary

mm
CommentaryLeadership
Michael Muthukrishna: The ‘lone genius’ myth is wrong and it’s holding back your business
By Michael MuthukrishnaJuly 23, 2026
6 hours ago
Paul Keary (L) and Mike Sutcliff (R).
CommentaryAI agents
Teneo & Thoughtworks CEOs: the AI race will be won with governance, not speed 
By Paul Keary and Mike SutcliffJuly 23, 2026
6 hours ago
marks
CommentaryNational Security
General James ‘Spider’ Marks: there’s a strategic risk hidden inside closed AI systems
By James MarksJuly 23, 2026
6 hours ago
glp
Commentaryobesity
The GLP-1 paradox: too expensive to cover, too effective to cut
By Bryan Sivak and Elina OnitskanskyJuly 23, 2026
6 hours ago
data
CommentaryData centers
The hidden cost of AI: Why your town is negotiating with Amazon and Microsoft
By Melody BirminghamJuly 23, 2026
7 hours ago
Thijn Lamers is Co-Founder and President, Noah.
Commentarystart-ups
Europe does not need more ambition. It needs to stop hiding it
By Thijn LamersJuly 23, 2026
10 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
1 day ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
22 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
Success
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.