Originally Posted by Kalam
Wasnt Twitter unprofitable before Elon? Is it losing more money now than before? Genuine question.
I always assumed him buying Twitter was just a vanity project, with no expectation to be profitable. But maybe some downstream effects that might help his other businesses. Like Bezos and WaPo.
it was unprofitable but sustainable. it had brand equity, tons of talent, etc.
elon bought it for 44bn and has managed to slash approximately 40bn of value off it and counting. its currently regarded as a platform rebuilt from the ground up for election interference and agitprop. when you understand the behavior thats put tiktok in the crosshairs of gov regulators, its not difficult to predict whats in store for twitter.
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