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

He has unlimited money. I am pretty sure he doesn't really care.

Twitter only had value to musk because he wanted to use it as a disinformation tool to help SA/Russia/China.

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.

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

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)

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.

Doesn't look like a bad investment, look at where the ceo is at

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.

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.

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

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.

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.

Because its usefulness is not on the money-making side of business, so it wouldn't make sense to buy.

i wish it would just go out of business already so that the rest of my loyalists can join me in bluesky

Blue sky? Is that some sort of Mastodon knock off?

Because Twitter sucks!

For one thing, Musk's offer was thought to be very generous. He was also a lone billionaire who didn't need to worry about it blowing back on him somehow if the deal fell through, as opposed to a CEO who's actually accountable to someone.

Because Twitter (as an investment) is terrible because of the lack of revenue it has. Musk just bought it because his investment wasn't for twitter's success, but to get into the white house.