Why nobody else bought twitter before?
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bad investment
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He knew very well that it was a huge propaganda engine, which is why he bought. And now he is our the shadow president.
These people aren’t stupid. They’re fascist tech oligarchs.
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...why do you think Twitter had anything to do with getting Musk into the White House?
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These people are really fucking stupid. Musk said confidently that the government doesn't use SQL.
I don't think you specifically are doing it out of praise and glorification but people love mythologize tech people. Jeff Bezos is actually incredibly smart holding multiple degrees and, by account a savvy businessman... Musk is a fucking idiot that lucked into money, has terrible ideas and acumen, won the lottery with PayPal and has built a castle of lies to sustain his wealth.
If the purchase was done with intention to propagandize it certainly wasn't that ass clown's idea.
He absolutely is a fascist though - but most of his ideas are probably just regurgitated from Peter Thiel.
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musk was mouthing off in an official enough way that he got trapped into buying it. He lost tens of billions. It was basically a money pit and he has drove it to even more of a money loser.
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Nope. It got musk into the White House. Bad investment for the populace, but good investment for drumpf and musk
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Not to mention, that it’s never made a profit
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He has unlimited money. I am pretty sure he doesn't really care.
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Twitter only had value to musk because he wanted to use it as a disinformation tool to help SA/Russia/China.
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Except he doesn't really have unlimited money. Like most rich bastards he had assets - aka, hypothetical money (investments). They take out loans using that hypothetical money as collateral, and then have to pay that money back over time, which they can do by earning dividends (hypothetical money increases that they can access without penalties) or selling hypothetical money for real money (possibly with penalties).
Musk borrowed an enormous amount of money, which saddled the loaners with hypothetical money that began to decrease in value, and were this unable to profit by selling it for actual money. They therefore have to trust that Musk will repay these loans or else sell them at a loss to some other dumb bastard.
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Why am i not surprised to immediately find garbage like "genocide Joe" in your post history.
You couldn't even formulate an argument. Thanks for making it obvious why to block
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Doesn't seem like he lost much, like you would expect by buying one of the biggest social platform in the world he got even richer and more relevant (enough to get a sit in the white house)
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Twitter is one of the biggest social networks in the world and the most used by politicians worldwide. It's quite obvious that his position allowed him to get more votes to his party.
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Doesn't look like a bad investment, look at where the ceo is at
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Literally the ONLY reason Musk bought it was because he got into a pissing contest
People keep saying he's an idiot making stupid decisions, which is true because he's a corrupted money addict but he's the second if not the first richest man in the world and he's now in the white house talking for the president. You are all getting fooled hard thinking he becomes more wealthy by accident.
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It had value, but nothing close to 43 BILLION dollars.
43 billions is peanuts compared to the 3 trillions apple and microsoft market cap.
Twitter is one of the biggest social network in the world and the one more used by politicians. It has plenty of value even if not making profits, everyone know how it works.And now you read daily how much money it’s losing.
Last time i hear about him he was talking over the president, as expected from owning one of the biggest social networks in the world he isn't losing much.
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It has plenty of value even if not making profits, everyone know how it works.
That is true and also applies to Youtube,. However, remember that shareholder mentality is "MONY NAO!!!!! FUCK THE FUTURE". CEOs would have to make a very good case for buying a money sink with very little chance of becoming profitable. Elon bought the company as an individual, so he didn't have to answer to a board of directors or shareholders complaining about reduced quarterly profits
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Because it most definitely did. trump was banned from twitter, musk bought twitter and reinstated trump's account. This little favor definitely allowed the two to get closer.
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watch musk turn the "savings" from "DOGE" efforts into a gov purchase of twitter at twice what he paid, with the argument that they plan to nationalize a digital platform for communication between politicians and voters, while tying a privatized transactions system to the platform where he siphons a small percentage of every transactions ever done by an american henceforth.
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Because its usefulness is not on the money-making side of business, so it wouldn't make sense to buy.
