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this post was submitted on 07 Jul 2023
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in his eyes, it was an ideal example of how capitalism, american dream, competition and free market works.
Every capitalist loves free market for the other guy.
Funny though that if Meta felt the need to make a Twitter clone it means Twitter is indeed doing well. Let’s see if Musk will do anything about it instead of resorting to cry about the matter.
Depends on what you mean by doing well. It doesn't follow that they're making money from those 200M users. But they do have those users. If Meta can convert them to Threads, then they could make more money from them, given they actually have advertisers.
In my view Musk is probably looking to have some profit in the following years with Twitter. Twitter Blue sub was kinda a genius move which means he’s making a steady income from every subscriber plus the ads he shows to those users (even though it’s a smaller amount should be profitable).
He took a public company that was mowing through investor money to make it break even, to an actual profit.