Hes not spending money, he's spending Tesla stock, which is super overvalued right now, since Tesla made money a total of 1 year.
Now is a great time to spend that stock, it's only going to go down from there once its value gets inflated away, might as well acquire some companies that are going literally nowhere, like twitter.
It looks like 90% of profits are from advertising but I do not see advertising, granted I only used to browse it from my desktop, so maybe is related to the app?
If it does make a profit then maybe is not that dumb of a move.
Native advertising I think, they put tweets in your feed from stuff you aren't subscribed to. It's more obvious on Instagram. Also this is a pretty big if, but advertising could include the selling of personal data.
I occasionally see ads in the trending list (like, the top "trending" hashtag is an ad instead) or if you click on a hashtag every now and then there's an ad in the tweets for that hashtag. That's on desktop with an ad-blocker.
How exactly is twitter monetized? 41 Billion to burn on free speech seems like a lot to me.
Hes not spending money, he's spending Tesla stock, which is super overvalued right now, since Tesla made money a total of 1 year.
Now is a great time to spend that stock, it's only going to go down from there once its value gets inflated away, might as well acquire some companies that are going literally nowhere, like twitter.
Twitter reported profits for the first time starting a few years ago, dunno if that answers your question though
It looks like 90% of profits are from advertising but I do not see advertising, granted I only used to browse it from my desktop, so maybe is related to the app? If it does make a profit then maybe is not that dumb of a move.
Native advertising I think, they put tweets in your feed from stuff you aren't subscribed to. It's more obvious on Instagram. Also this is a pretty big if, but advertising could include the selling of personal data.
I occasionally see ads in the trending list (like, the top "trending" hashtag is an ad instead) or if you click on a hashtag every now and then there's an ad in the tweets for that hashtag. That's on desktop with an ad-blocker.