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Elon Musk forgot the formula for success he used in all his other businesses:
Buy a bussiness made by smart people
Pour money into it
Don't fuck it up too much
When is he going to do points #2 and #3 for Twitter
Point 2 was him buying the company. Now we're on step 2.5: cost savings to make it profitable. Unfortunately, Shitter will never be profitable now that they've fucked up #3 and destroyed the brand and are working on turning shitter into a Nazi bar.
Eh. I’m honestly pretty convinced at this point that the ultimate intent was never really to make money with Twitter.
Sure, he would have liked to recoup his costs. But at the end of the day, eel on musk paid 40something billion dollars to buy one of the most prolific social media companies in the history of social media. It’s just a big megaphone with speakers in everyone’s smartphones. It’s a propaganda device. He is openly using it to try to swing public opinion towards Trump (amongst various other things), and has been since about 6 months after he bought it and “cleaned house”. He’s using it to try to directly affect the result of the election. That’s it. That’s his plan. And he thinks he’ll become cemented into Trump’s inner circle if he pulls it off.
He spent 40B mostly of other people’s money. His liability is like 12B. The more interesting question is why various stodgy bankers gave him the other 28B.
Because that's how the system works.
If you have $5,000 and owe 15,000, you're in debt and most likely have to work a shitload of hours in a dead end job for the rest of your life in a futile attempt to make ends meet.
If you have 3 billion dollars and owe 30 billion, you're a billionaire and get to do whatever you want consequence free, including breaking all of the laws.