59
Why nobody else bought twitter before?
(sh.itjust.works)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Feb 2025
59 points (94.0% liked)
Asklemmy
45250 readers
1559 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
43 billions is peanuts compared to the 3 trillions apple and microsoft market cap. Twitter is one of the biggest social network in the world and the one more used by politicians. It has plenty of value even if not making profits, everyone know how it works.
Last time i hear about him he was talking over the president, as expected from owning one of the biggest social networks in the world he isn't losing much.
That is true and also applies to Youtube,. However, remember that shareholder mentality is "MONY NAO!!!!! FUCK THE FUTURE". CEOs would have to make a very good case for buying a money sink with very little chance of becoming profitable. Elon bought the company as an individual, so he didn't have to answer to a board of directors or shareholders complaining about reduced quarterly profits