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
Twitter was never profitable until data was worth enough and even then…
Musk tried to pump and dump the stock by saying it was worth much more than it was. Then he immediately got sued because if you manipulate the market like that and have the cash to pay, you have to or it’s considered a crime. Musk then tried to back out, shareholders threaten to sue, and he pretended he actually didnt wanna back out and bought it.
He purchased it at twice its market value and has since not only cut 80% of staff, but also lost 80% of its original value (not the double musk paid)…
Twitter only had value to musk because he wanted to use it as a disinformation tool to help SA/Russia/China. He immediately made it a right wing platform where this content is more valuable. It was a dumb decision, still has a dumb business plan and a fuckton of debts. The only reason it didn’t disappear completely is Musk is too rich, but it’s trending down. It’s projected to grow as the US becomes an oligarchy but not because it has real value. Musk wants to turn it into Facebook+ Cash app
Buying twitter was all in all a terrible business move and mostly to stroke elons ego. Sadly this is “too big to fail” territory
It’s funny because that’s a big part of capitalism for when people couldn’t afford to keep up, and people like him don’t see how expensive it is to be poor. They’ve been convinced it’s not the systems problem, and people who are poor just want to be poor. Bootstraps and all, and they think they are giving sound and reasonable advice.
“Just spend thousands of dollars on for profit education, for profit health-care and for profit real-estate, and you’ll be back on your feet in no time! Here’s a 20% interest loan to get ya started”.
Lmao was just posting how you shouldn’t bother with the little ex-reddit ragenerds telling you you’re begging simply for posting in a sub called “ask a question”.
But then you’re just as bad as they are putting Reddit over his life. We call your kind “choosy beggars”. Might want to consider giving him to someone who can actually care for him (and is willing to sacrifice hopping onto a website with a throwaway to save his life)…
Try to find some that are made properly.