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TM
Twitter sold almost zero advertising at their 2023 new front, which is $600-800 million in guaranteed revenue they lost out on
Combine that with the fact that Twitter pays $1 billion a year in interest payments and Musk looks pretty stupid right now
whether he is regretting buying, or has made mistakes IDK or care... thats for him to deal with.
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comedian.
TM
I think the value of Twitter as some important part of society is MASSIVELY overstated. It could literally disappear tomorrow and we wouldn’t lose anything.
Calling it the “town square” is laughable.
At the end of the day, it’s not important, provides zero true value, and as a business is not profitable.
So basically Elon got duped into spending 44 billion on something that is practically worthless.
And this is a total distraction from him leading Tesla, and SpaceX, which do, or could, provide value. And instead he’s now off on setting Twitter and is 44 billion on literal fire.
Free speech cannot have a $$ value.
Amazon lost $1 trillion in market value and nothing changed. Still the same amount of people and the same amount of warehouses... someone decides it suddenly isnt worth as much, and its all gone, same as Crypto.
This is priceless phil, your country must be rolling in money😂😂
Pit Row
A bunch of “never-been & never-will-be do nothing narrative followers” talking shit on a guy that has produced more results…
In A DAY…
Then they will…
In the ENTIRETY of their lives!
Covid has fucked it not Brexit
Being a genius doesn’t mean you don’t make a mistake.
Buying Twitter was a colossal waste of money.
- investments are long term, you wouldn’t know what it can be worth as a free speech zone for the entire world in say 5 years ( see Berkshire Hathaway for reference)
- Musk is a philantropist. I even admit to laughing at him many years ago. When he showed e-cars were awesome and boosters could be autonomous and land for re-use despite NASA saying he was stupid, he convinced me.
- It’s hard not to cheer for a guy who holds no sides, he just seems to reinvent and prove us wrong. I think the guy must be a well functioning aspergers, no way people can do and handle things like he does without having a special power
Where is it supposed to make money?
There have been some interesting papers and pieces discussing the likelihood that the government funds it. Pointing out the resources required to run it and how Twitter could not possibly afford to on its own. No idea how much truth there is to the idea but it’s been written about a fair amount.
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