Why not just use that $44B to build X.com from scratch?
Who will trust Elon to build a reliable platform, i.e. use X.com for their finances or any other crucial services X is planning to offer.
He thinks you can run this platform with a skeleton crew. I wouldn't trust that platform at all.
Why didn’t he take $44 billion and do a startup instead?
He mistaked his like of Twitter for everyones likes of Twitter, and he has no impulse control leading him to sign an iron clad contract.
Stupid is as stupid does