Why nobody else bought twitter before?
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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.
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i wish it would just go out of business already so that the rest of my loyalists can join me in bluesky
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Blue sky? Is that some sort of Mastodon knock off?
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Because Twitter sucks!
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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.
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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.
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Yup. With its trans deniers and TERFs and numerous right wing folk. That person has left Twitter to join something a lot like Twitter.
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Imo it's still very valuable even if not profitable. eg YouTube is quite famously a massive money sink for Google but I doubt Google would want to let go of its monopoly on online video sharing.
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Sorry for the poor quality of that response. But I did not have much time at the time, and it's hard for me to write in English (it's not my native language). I thought it was important to point out that in your post, well argued in general, you had introduced a statement without arguments that I don't think fits reality.[^1].
Although this may be a licence to give more force to an argument, I find it especially alarming when this is aligned with the construction of a narrative to promote American imperialism —Yankee anti-imperialism as my subjective position— with an argument with a clearly racist bias —for example: removing the whiteness and Europeaness of ethnic Russians, inciting hatred of Asians, especially those of Han ethnicity and those of Chinese origin—. All of this promotes the fascist drift of the USA and its Western allies.
In any case, and to clarify, I am not accusing you of doing so intentionally, but rather that these types of statements, which seem to me to be at the level of QAnon or flat-earthers, strengthen this fascist drift. BTW, I would have upvoted it without that phrase.
[^1]: Elon Musk lives in the USA, is a member of the US government, has not disagreed (or I am not aware of it) with the tariffs on China or Russia, most of his businesses are based in the USA, he has used the Skyline satellites concurrently with the geostrategic interests of the USA —at least in Ukraine and Iran—,... He could be a detestable human being and an opportunist politician, but their interests seem aligned with the new techno-aristocrat group of the states-unitians oligarchy-only party, now controlled by their Republican faction.
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Twitter was developing the at protocol and bluesky, think they always saw it eventually dying and had bluesky as their backup
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Bluesky was an EEE operation. Meant to kill federation by capturing users then forcing an instance monopoly. That's why it is federated on paper only. In practice no engineering was done to make it actually federated at all. Now they're far behind the Activity pub and mastodon, and the rest of the fediverse despite having much more investment.
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I was gonna, but I ended up needing new tires on the car.