Elon Musk Twitter

[*Nately120*]

(06-01-2023, 11:29 AM)Sociopathicsteelerfan Wrote: What the financial gurus in this thread apparently don't get is that you don't lose money on something until you sell it, or if the product itself cost more to operate than it makes.  Also, I don't think Musk bought Twitter to make money, although he certainly wanted to make it more profitable once acquired.  I think he wanted a legitimate free speech platform on the internet.  Also, look at all the doom saying after he bought Twitter and laid off a huge chunk of the staff.  It would be only weeks before Twitter went down for good, he cut the staff too much, there's no way it can continue to function, etc.  I've noticed zero difference in how the site runs since his takeover.  I have noticed a major difference in the opinions people are free to express on Twitter.  So, it looks like Musk was 100% correct about Twitter being a bloated company full of redundant and useless positions as well as being overly censorious towards conservative beliefs.  I'm sure I'll be labeled a Musk stan because I'm not joining the "cool kids" in bashing him.  Far from it, but I do appreciate that he has principles and beliefs and is willing to put his money where his mouth is.

As for him losing money, he's already back to being the world's richest man, with an increase in net worth of 55.3 billion YTD.  So I think he'll be alright regardless of what he gets from Twitter if, and when, he ever sells it.  https://www.bloomberg.com/billionaires/?sref=GYlFC92K


I do find it interesting how quickly the left turned on Musk once he espoused political opinions not in lockstep with the far left.  He went from being the man who's saving the planet to literally Hitler, all because he doesn't believe in censoring people the left disagree with.  

I don't know why you are quoting me, I just said that I don't see why Musk would spend $45 billion bucks to buy a brand only to turn it into something he could have built himself.  Maybe I'm actually giving him too much credit by saying he could have achieved his goals of promoting free speech without spending $45 billion bucks.  Most free speech advocates in history aren't the richest person on the planet when they make their mark on the world, to my knowledge...maybe it really is just a rich man's game now.

I think we're on different pages here.  Musk is still rich, just like Target and Anheiser Busch are still rich.  Hell, Mike Brown drafted Akili Smith and he's still rich...doesn't mean the moves they made were the right ones.  

I honestly can't say I paid much attention to Musk before this and I only know about this stuff now because, like that DeSantis announcement, Musk has become a bit of a spectacle.  Twitter and Tesla are two things that bring in the big bucks, but aren't the most relevant brands to the population, myself included.  I will say it is good marketing for him to strap his brand image to the 1A, though...that's an effective play.