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.
@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?
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.
