Why they didn't want it?

It is consideted crass by the megarich to use their new money to overtly purchase politicians. They prefer to do it behind closed doors, mostly to keeo them cheap

It's shit

It's completely unprofitable and I remain of the opinion that Musk bought it to break Grimes' toy and then lucked into the fact that he had a huge propaganda engine.

Musk massively overpayed for Twitter. They wouldn't have sold the company, but Musk made a ridiculous offer and they accepted. Then he tried to back out of it, and the court forced him to follow through. But he didn't have enough money to match his offer, so he had to find some investors willing to bail him out because they wanted him to kill the platform for them.

Even before musk bought it, it was a house of cards. At no point in it's history since it's creation has it EVER made money. It was ALWAYS a money loser. That's why they were trying to sell it in the first place. It had value, but nothing close to 43 BILLION dollars.

It was assumed to sell for a few hundred million before musk ran his mouth, and joked that he'd do it for 43 billion. Then he took the joke as far as signing legal paperwork, then bitched that he HAD to now buy it for his joke price of 43 billion.

And now you read daily how much money it's losing. Firstly because even if he paid a fair price for it, AND ran it perfectly, it would still be losing money. But he bought it for 43 BILLION dollars, and from day one publically harassed advertisers saying he doesn't need them.

Well, even under perfect conditions, the advertisers were the only thing keeping twitters losses pre-musk at a minimum. They were losing about 13 million a year since 2008. And now it was adding up.

But now you got advertisers to go fuck themself. And they leave. Then he alienates twitters at the time core leftist by....well existing. And now you got all these people leaving twitter in droves. So now, even for the advertisers that remain, twitters reach loses 40% of it's value. Which means advertisers aren't willing to pay old rates. Which means less revenue.

And all these other companies, before musk bought it, looked at an unprofitable social media site, then remembered how MySpace went, and thought ".......no."

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

Sell, fork, start from scratch, climb the ladder, sell, fork, start from scratch, climb...

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

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

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.

I tried but they said I was fat

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.

bad investment

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.

• Silicon Valley's Playbook and the AI Coup
• 'Reboot' Revealed: Elon Musk's CEO-Dictator Playbook
• https://en.wikipedia.org/wiki/Dark_Enlightenment

...why do you think Twitter had anything to do with getting Musk into the White House?

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.

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.

Nope. It got musk into the White House. Bad investment for the populace, but good investment for drumpf and musk

Not to mention, that it’s never made a profit