I strongly believe the potential valuation and financial performance was not the primary motivation for Musk to buy Twitter, it’s simply a toy for a man worth $200+ billion.
Oh, true. But the problem is that Musk, rich has he is, can't run Twitter indefinitely without revenue (more than he's getting today, and it's likely declining). He needs it to perform financially if it's to continue to be a going concern.
He's going the other route - lower costs. He got rid of the overwhelming majority of staff, moved (or is moving?) the HQ out of San Francisco and California - meaning lower costs + lower tax, and so on. So while revenue has decreased, so have costs. In later 2023 he stated that it was expected for Twitter to be profitable early in 2024. Given there was no follow up announcement I doubt this goal was achieved, but it does suggest that it's probably quite close to being in the black. And that's quite good for a company which was only made profit 2 years in its entire existence.
I agree, but if he valued the soft power, wouldn't you expect to him to take the survival of the platform more seriously? Or maybe it's all for the lulz and I am just a dumb peasant. Certainly, to hell with the valuation if you're going to run it as your own personal forum, but if you scare all the users and revenue away, you are left with a very expensive CRUD system you alone are posting into (and paying billions of dollars for the privilege).
Maybe Twitter will become more popular and influential now that it's banned. It could be the place to find out what the government doesn't want you to know.
kelnos|1 year ago
somenameforme|1 year ago
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wmf|1 year ago