dajo9 said:dimitrig said:dajo9 said:dimitrig said:dajo9 said:concordtom said:dajo9 said:concordtom said:dajo9 said:concordtom said:wifeisafurd said:
Let's assume (I don't necessarily agree with this assumption) all this is Elon is changing the culture and imposing cost cuts to what has been an historically unprofitable company that underperforms. He is taking a sledgehammer approach, rather than using a scapel, in a way that is alienating users and ad customers.
If it was so unprofitable and in need of sledgehammer changes, why on earth did he buy it for $44B?????
Ooops!
This could be one of business histories great lessons, just as his other ventures are but for the opposite direction.
Great point, Tom. Elmo paid $44 billion. Is that the valuation before his involvement or is this a vanity project?
I tend to think it's a vanity project, which makes all the talk of productivity and profitability irrelevant.
Elmo wants to change what Twitter is. He's just another ****-poster except when he gets mad at the rules he can say, "I'm going to buy this company and change the rules". And that's what he did.
Life in the oligarchy. Tax the rich.
He's a creative problem solver, an engineer. A seriously brilliant engineer worthy of much praise and admiration, not only for his forward-looking solutions to broad-scale problems, but also for his passion, his drive.
But now he's trying to engineer society in a way that is not providing attractive better options, but he's fighting humanity in an unproductive way. Mankind can be like an army of mindless orks, death by a thousand paper cuts. We've seen man be irrational and irresponsible. He has, perhaps, too much faith in us. This is one battle I don't think he's going to win on.
I don't think it's about humanity. I think it's about politics.
One thing that is obvious now is that it was never about free speech.
I don't think Elon truly appreciates the potential horrors of free speech.
Mob mentality, orks, often win in Dungeons & Dragons.
Man's dark side is powerful.
Elon is naive in thinking goodness rules, carries the day.
I disagree. I think Elmo bought twitter to make it a home for the right wing. A kind of Fox News social media in a way that Getr and Truth Social have not been able to achieve.
People and organizations that care about real information and integrity are self-selecting out whether they are users or employees. What will be left is a right wing echo-chamber. Smaller but still very functional.
Won't last long unless it can make some money for its investors.
What's the debt and who owns it?
The debt is $44B and it is owned by Elon Musk and everyone else who put money up alongside Elon. He didn't do this alone. Others are hoping to make money off of this.
No, the debt is $13 billion and it's being sold at 60 cents on the dollar and it will eventually be restructured and twitter will be a right wing message board.
Elon didn't buy Twitter to lose $30B on it unless he's an even bigger idiot than he seems - and that is if Twitter breaks even going forward. He could lose even more if he continues to shovel money at it.
