Technology

they still own the twitter trademark, that might be their biggest asset

If someone were to buy it, ban the Nazis and get advertisers to come back it's still salvageable, I guess. The longer Musk owns it, the bigger the chance is that it'll become the next MySpace.

Correct me if I'm wrong but I'm pretty sure he gave an outlandish bid for Twitter to manipulate it's stock prices when he pulled put, but he was sued into following through.

I don't think he ever wanted to buy it, or at least he wanted to crash it's value to come back and buy it on the cheap.

I think you're giving the guy too much credit. Sometimes things are as they seen. He just didn't like the moderation scheme on Twitter, made a gesture buying it, fumbled a little bit and overbid, then after having been forced to acquire it tried to turn it into something closer to what he wanted it to be.

I think it’s even pettier than that. He’s the loud guy on the forum who literally bought the site so he could be admin.

Aren't 75% of the users Russian bots? Lol

What is completely wild to me is that there are only 4 main apps: Reddit, twitter, instagram, and Facebook. Almost every public conversation happens on one of those platforms. And of those four platforms, one of them was bought by one singular person. Some people just don’t get the absolute scale of how much one person can just buy of our communities.

Like it or not, there are businesses on Twitter. Celebrities are easy to reach and talk to. Even companies use Twitter for support. News outlets post there. It’s a whole community. Was it a bit toxic? Yeah. But it wouldn’t have mattered. One guy bought it.

Similar to what you said, if you were to run the numbers on this I’m pretty sure owning twitter to Elon is not much different than owning a cable subscription to your average family. A whole community of tens of millions of people bought by one person and its success doesn’t matter. Capitalism is broken. And if you think that’s bad, imagine how he can affect your government when a Supreme Court justice goes for a small small fraction of the price..

Edit: I did the math and it turns out that twitter has lost so much money that this is no longer a cable subscription. It’s about a 6% yearly loss to Elons net worth, dependent on his current stock values. Which means it’s not cable, but about the cost the average person spends on food in a year ($10,000 yearly cost to a 200k net worth). Still insane.

Twitter currently has $1.5 billion/year deficit which is a lot, even for Musk, to bankroll.

True, but that power is also diminished greatly as more and more regular users abandon the site. No eyes on the propaganda makes it worth a lot less.

But on the plus side, this idiot is 34.76 billion poorer

I mean the people at Twitter were very happy to sell it off. Remember how they actually sued to force him to go through with the deal and succeeded in stopping him from backing out?

Even if he’d managed it as well as the prior stewards, it was always a losing business.

Meanwhile he is on track to become the world's first trillionaire

I think the purchase was more about welding power than any financial gain

It’s like 4chan but it didn’t know where the line was for the amount of right wing people to be on a social media and ran a marathon

False, because someone paid that much for Twitter.

It was worth 44bn to it's former owners.

The funny part was when he said he was a free speech absolutist, but then he started restricting the free speech of people he doesn't like