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.”
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 . If it happened today he would just tell the courts to fuck off and replace those who aren’t loyal without ever actually buying twitter
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.
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
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.”
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.
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 . If it happened today he would just tell the courts to fuck off and replace those who aren’t loyal without ever actually buying twitter
Actually they did make money in 2018 and 2019 but then the pandemic caused advertisers to cut spending.
Twitter was developing the at protocol and bluesky, think they always saw it eventually dying and had bluesky as their backup
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.
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.
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.
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