Owning twitter is never about profit. If you own twitter you own the greatest dissemination point of propaganda in the modern era and you are able to tune it to your liking. How many news segments right now have literally just been "X says Y on Twitter"?
I hope he can make twitter profitable since he grossly overpaid for it.
Owning twitter is never about profit. If you own twitter you own the greatest dissemination point of propaganda in the modern era and you are able to tune it to your liking. How many news segments right now have literally just been "X says Y on Twitter"?
Problem is that unless twitter can sell and monetize that access, it's still going to go bankrupt.
If Elon slashes the payroll to the bone, maybe he can make it sustainable.
But yes, he grossly overpaid. He probably could have bought up the company for half the price he paid if he had done it more slowly.