Why nobody else bought twitter before?
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Twitter was never profitable until data was worth enough and even then..
Musk tried to pump and dump the stock by saying it was worth much more than it was. Then he immediately got sued because if you manipulate the market like that and have the cash to pay, you have to or it's considered a crime. Musk then tried to back out, shareholders threaten to sue, and he pretended he actually didnt wanna back out and bought it.
He purchased it at twice its market value and has since not only cut 80% of staff, but also lost 80% of its original value (not the double musk paid)..
Twitter only had value to musk because he wanted to use it as a disinformation tool to help SA/Russia/China. He immediately made it a right wing platform where this content is more valuable. It was a dumb decision, still has a dumb business plan and a fuckton of debts. The only reason it didn't disappear completely is Musk is too rich, but it's trending down. It's projected to grow as the US becomes an oligarchy but not because it has real value.
Twitter was all in all a terrible business move and mostly to stroke elons ego. Sadly this is "too big to fail" territory
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Sell, fork, start from scratch, climb the ladder, sell, fork, start from scratch, climb...
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He wasn't just a joke, musk was legally forced to make his deal real to avoid having manipulated the market and potentially go to prison. This was before he became POTUS
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Because it didn't make financial sense for them to buy it. The last I read up on the matter it seemed like Musk has lost quite a bit of money on it since he took over. Literally the ONLY reason Musk bought it was because he got into a pissing contest with the previous owners after me claimed he could run it better. He actually tried to back out of the deal a number of times but there was some kind of legal reason he was obligated to buy it after he made an offer
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Musk didn’t buy Twitter to make money, he bought it to control the narrative. To censor some voices and amplify others.
And now he’s our shadow president.
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I tried but they said I was fat
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At no point in it's history since it's creation has it EVER made money.
Actually they did make money in 2018 and 2019 but then the pandemic caused advertisers to cut spending.
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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.
