I really hate Axios’ format, but they’re not wrong.
Elon Musk overpaid for Twitter when he bought it for $44 billion in late 2022, after unsuccessfully trying to renegotiate or renege.
Now a new conventional wisdom is emerging: Twitter is a loss leader for the rest of Elon Inc.
The argument is that Musk bought Twitter for power, not profit. And that the gamble paid off.
- Musk used the platform to help shape public opinion during the election, artificially amplifying his political messages and giving him- influence with Donald Trump that money alone wouldn’t have bought.
- Trump’s victory means that Musk has become the most powerful unelected American ever — and that could be a boon for SpaceX and Tesla, whose fortunes are heavily dependent on federal government contracts and policies.-
- Those two companies also are much larger than Twitter/X, even at $44 billion, and more core to Musk’s lifelong goals.
Nope, the Twitter buyout was dumb as shit and there were far more effective ways of spending that money for influence if that was Elon’s goal.
Fuck. As someone into tech can I just say FUCK. Stop trying to make Musk’s dumbass decisions look smart in retrospect when in actuality he just has enough money to weather a shit ton of idiocy.
The man is not a genius… I can’t stand the media’s constant drive to portray him as one.
And yet he got everything he wanted. And Twitter was a big help.
I don’t think he’s a genius. You don’t have to be a genius when you can buy your way into and out of anything.
As long as we’re not assuming he bought Twitter with this outcome in sight I can accept that.
Honestly my pet theory is that he bought Twitter to destroy it after his breakup with Grimes… kinda like throwing your ex’s clothes out the window. They separated in March 2022 and Musk started his bullshit offers in April 2022. It was probably either for revenge or just because he was off balance emotionally.
Well, the solution is clear.
Find a way to their server farms while carrying an axe?
Aww deleted comment because of a veiled threat of violence. Good thing our conservative mods are here to protect their way of life.
Talking about plans to commit crimes on public forums is basically just doing the cops work for them
You’re right, the proper place to talk about committing crimes is up on stage.
I’m just saying that I wouldn’t mind if someone had to shoot through Elon Musk. Let’s put him with a rifle standing there will 9 barrels shooting at him, ok? Let’s see how he feels about it, you know, when the guns are trained on his face.
Trump taught us we are allowed to say that stuff now.
Agree. But suggesting the only solution is not a plan.
Removed by mod
How about a ball-peen hammer?
Careful, you might get banned lol
lol more conservative mods removing comments
Removed by mod
It seems he bought Twitter and successfully traded twitter’s market cap into right wing populist influence (RWPI) [and presumably a capital gains deduction], and now RWPI into governmental influence.
Everyone already knew this.
Yeah I thought that became fairly obvious not too long after the deal. He didn’t do anything to make it a sustainable business. Quite the opposite. The changes functioned to amplify right wing voices along with his.
Now we know how much it costs to assemble an army of bots and bootlickers, enough to net you a seat of power in government.
Elon Musk is an ILLEGAL IMMIGRANT! I’m SURE Republicans will be UP IN ARMS about an ILLEGAL IMMIGRANT Buying an EXTREMELY POWERFUL Government Role!
No no, he’s the good type of immigrant. /s
Kudos for hating that format 🫡
