this post was submitted on 14 Aug 2024
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This isn't a business to him, it doesn't need to be, its monetary value is insignificant to him, it was always about having control of an established platform, and feeding its audience his propaganda.
It's a toy to him. A very expensive one.
Like I said, its monetary value is of no consequence to him, even if he loses it tomorrow he'll still be one of the richest people on earth by a long way. And it's certainly more than a toy to him, and while he might often act like a petulant manchild, don't think for a second that he doesn't know exactly what he's doing (not only with twitter, but with embedding his interests in defence and space agencies for example, without having to personally know anything about running or operating in those industries either).
Musk buying Twatter is equivalent to the 18th century robber barons buying newspapers to control what they published
And it's nothing out of the ordinary either, all main stream media is owned by other billionaires doing exactly the same, only they're better at or at least more invested in keeping the mask on.
Their empires were crated slowly and over time so a lot easier to blend
... in some certain countries, where democracy is (coincidentally) weak.
Can you give examples of countries where mainstream media is not owned by billionaires ?
Sure. But can you do your googeling yourself?
YOU made a claim, it's on YOU to back it up.
LOL
I told you my precious thoughts, and I gave them for free.
You don't believe me? Go and get your education elsewhere. Or don't. I don't care.
Lol!
NeoNachtwaechter eats horse shit straight out of the source! Don't believe me? Google it yourself, it's true!
It's not that I don't believe you, I was genuinely interested in knowing more. I don't understand what's so "precious" about a random stranger's thought on the internet if it's not backed up with any source.
Moreover, I did try searching around for this and could not find any result that seemed to answer my question.
Narrator: He couldn't.
let's not act like he's playing 5d chess. he was forced to buy it with one of the worst deals in history if not the worst, for no other reason than the fact that he's a dumbass. and he's been desperate to monetize it since.
Was it though, since he's got exactly what he wants (and for what to him is a literal pittance)?
Your understanding of the deal from the perspective of someone who probably can't even imagine the scale of how much a billion dollars actually is, never mind a couple hundred billion (which will remain at a couple of hundred billion with or without twitter), and doesn't have his eye set on global domination, clearly isn't his.
I hate him as much as the next person, but the idea that he's just coincidentally fumbling perfectly through every step of the fascism playbook (or that doing so is "5D chess" rather than the natural state of a billionaire) is naive and uninformed at best, and laughable either way.
dude he literally backed out of it and the courts forced him what are you even talking about. he DIDN'T want it, and he bought it at like 4x its value or something i don't even remember but it wasn't remotely approaching $44bn.
first of all, that's a sizeable amount of money even for him, especially since it doesn't fucking make any money in return.
second of all, his net worth isn't liquid. most of it is speculation subject to stock market.
third of all, and most importantly, a good deal is calculated by what you pay for something vs what it's worth, not by what you pay for something vs what you're worth. otherwise, Elon could buy bread for 400 thousand dollars a loaf and that would be a better "deal" than the average American, which is a ridiculous proposition.
The net outflows on Twitter cost him about a billion a year. And there's no golden parachute with Twitter, he's not a CEO, he's the sole owner.
Paying that debt requires him to come up with actual cash money, and Musk's fortune is entirely in Tesla stock. The more of that stock he sells off to cover his Twitter losses, the more he damages the stock price, which shrinks his remaining fortune.
So yes, he absolutely does care. Twitter won't bankrupt him, but it could definitely cause him some serious damage.
You clearly don't understand just how much hundreds of billions of dollars is.
Try this:
https://mkorostoff.github.io/1-pixel-wealth/
Don't try to be patronizing, you're clearly not very good at it.