A few brief thoughts on Musk:
1/ #Twitter was never worth $44B. That’s just what he paid.
2/ The platform lost value bc most companies don’t want to advertise alongside bigotry, racism, misogyny, antisemitism, transphobia & hate speech.
3/ Twitter is over. Long live the #fediverse.
Twitter WAS worth $44B, to Musk, since that's what he paid.
His payment reflected how much it was worth to him.
The value of Twitter goes beyond advertising.
Twitter was always a cesspool, though, and it continues to stumble along, relevant as ever today.
Twitter was never great. It's not great today. But Musk is enjoying all the attention he got from his purchase, so I guess, good for him.
Things are worth what people pay for them.
If Musk paid $44B then by definition it was worth at least $44B because that's the amount that was paid.
If you pay $10 for a hamburger then that hamburger is worth at least $10.
Would you pay $200 for a hamburger that's only worth $10 to you? No.
So yes, Twitter was worth at least $44B to Musk seeing as that's what he paid for it.
None of this means he's not an idiot.
I think he's a troll, and I suspect he figured the $44B bought him quite a lot of trolling and attention, and we're talking about him, so that suggests he was right.
@__josh @volkris @Sheril
"𝐓𝐡𝐞 𝐞𝐧𝐭𝐢𝐫𝐞 𝐒𝐭𝐚𝐫 𝐖𝐚𝐫𝐬 𝐅𝐫𝐚𝐧𝐜𝐡𝐢𝐬𝐞 𝐰𝐚𝐬 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞𝐝 𝐟𝐨𝐫 𝟒𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐝𝐨𝐥𝐥𝐚𝐫𝐬 𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 𝐓𝐰𝐢𝐭𝐭𝐞𝐫. 𝐈 𝐭𝐡𝐢𝐧𝐤 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐚𝐭 𝐬𝐨𝐦𝐞𝐭𝐢𝐦𝐞𝐬."
Ricki Tarr
@RickiTarr
@volkris @Sheril He BOUGHT is to avoid getting sued.
His excess billions allowed him to do this without terminal failure.
Now he is merely playing with the overpriced toy he bought, and can afford to lose money on.
"You're right, Mr Thatcher, I lost a million dollars last year—I expect to lose a million dollars NEXT year . . ."
Musk is playing a role he can afford, to play, from a movie where his character is a tragic villian.
https://youtu.be/tzhb3U2cONs?si=Aqewdx6D-u9HXuqk
You say Elon bought Twitter to avoid getting sued, and even if we focus on just that statement, Don't you think avoiding getting sued is a pretty valuable thing?
I mean, your own statement reinforces what I'm saying!
@volkris @Sheril Whatever Musk thought was worth $44b, it wasn’t Twitter. He was an idiot that got goaded into making a binding offer, tried to back out, got sued, and borrowed to pay the price when faced with discovery. He spent $44b to keep the discovery out of court, not for the company. Now, consider his business partners and ask yourself: does Musk own Twitter, or does Twitter own Musk?