Paul Krugman Says Elon Musk Has 'Tech Bro Syndrome' Amid Twitter Rebrand

In his recent opinion piece, famed economist Paul Krugman said that Elon Musk's recent Twitter name change to "X" is a manifestation of his "Tech Bro Syndrome". “, reports the New York Times.

Musk's Tech Bro Syndrome: Krugman explains that Musk's decision to buy Twitter was driven by his belief in his genius and his belief that he could easily make the company profitable. However, his actions since the acquisition have been described as "wildly agitating".

"He clearly suffers from a severe case of Tech Bro Syndrome, that strange combination of hubris and conspiracy theories so prevalent in his social at large," Krugman says.

Krugman speaks out following Musk's renaming of Twitter to X and the confusion it created among people, which may also affect loyalty to the brand.

See also: Buffett's Deficit Fix, Krugman's Inflation Comments, and Dimon's Economic Worries: The Roundup economy of this week

No business rationale: Krugman adds that he can't see the business rationale behind Twitter's rebranding, adding that the new name and logo are "off-putting".

"It will take many bad decisions to push TAFKAT [the app formerly known as Twitter] to the tipping point where people abandon it for another platform. But Musk is working on it,” Krugman concludes.

Read next: Twitter finally snatches the "X" handle, but how much did Elon Musk pay?

Illustration by Leefuji on Shutterstock

Designed by Benzinga Neuro, edited by Pooja Rajkumari

Benzinga Neuro's GPT-4 content generation system leverages the vast Benzinga ecosystem, including native data, APIs, and more, to create comprehensive and timely stories for you. Learn more.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.