Economics Thread

[mqt]

It shouldn't be hard to turn the most important company in the world into a profit making machine.

Just end the leftist ideology and it will prosper.

5 years from now people are going to wonder how Musk bought it for just 43B.

I don’t really see how the political leanings on Twitter are affecting its bottom line unless you think the lost ad revenue from banning right wing voices is the root cause. And if you do for some reason think that’s the case, do you not think a backlash from the other side wouldn’t offset those gains rather significantly?

For what it’s worth, I have no problems with Elon Musk buying Twitter. I don’t think much will change, and wouldn’t care if it did. Twitter is a free app where I can find a lot of information and entertainment, and I feel like that’s not really going to change. However, I don’t see how it was really being mismanaged when it’s already doing its job of selling our personal information to advertisers and I don’t see how Musk will greatly influence that.

[thethe]

I don’t really see how the political leanings on Twitter are affecting its bottom line unless you think the lost ad revenue from banning right wing voices is the root cause. And if you do for some reason think that’s the case, do you not think a backlash from the other side wouldn’t offset those gains rather significantly?

For what it’s worth, I have no problems with Elon Musk buying Twitter. I don’t think much will change, and wouldn’t care if it did. Twitter is a free app where I can find a lot of information and entertainment, and I feel like that’s not really going to change. However, I don’t see how it was really being mismanaged when it’s already doing its job of selling our personal information to advertisers and I don’t see how Musk will greatly influence that.

The twitter board and CEO put ideology before running a business. That point cannot be stressed enough.

Twitter is the most important company in world history.

It will be easy for Elon to get rid of the bots and appropriately market targeted audiences for companies.

[nsacpi]

I don’t really see how the political leanings on Twitter are affecting its bottom line unless you think the lost ad revenue from banning right wing voices is the root cause. And if you do for some reason think that’s the case, do you not think a backlash from the other side wouldn’t offset those gains rather significantly?

For what it’s worth, I have no problems with Elon Musk buying Twitter. I don’t think much will change, and wouldn’t care if it did. Twitter is a free app where I can find a lot of information and entertainment, and I feel like that’s not really going to change. However, I don’t see how it was really being mismanaged when it’s already doing its job of selling our personal information to advertisers and I don’t see how Musk will greatly influence that.

Actually they haven't found a way to gather and monetize the sale of personal information the way Facebook has. That's the big difference in profitability between the two.

[thethe]

Actually they haven't found a way to gather and monetize the sale of personal information the way Facebook has. That's the big difference in profitability between the two.

Because the people running the company were more concerned about other things (partnering with governments around the world to steal elections)

[thethe]

I can't for the life of me understand how twitter wasn't profitable.....

[thethe]

HAHAHAHAHAHAHAHAHAHAHAHAH

They know their voters are dumb.

[Tapate50]

HAHAHAHAHAHAHAHAHAHAHAHAH

They know their voters are dumb.

I mean… they eat it up.

[sturg33]

HAHAHAHAHAHAHAHAHAHAHAHAH

They know their voters are dumb.

I recall you, me, jaw, tap, hawk consistently calling out the stupidity of trump

The seals are not programmed.to comment on this stuff... This senior leader cannot be allowed to be this stupid

[Tapate50]

GDP -1.4%


Good job Joe!

[zitothebrave]

HAHAHAHAHAHAHAHAHAHAHAHAH

They know their voters are dumb.

While tax cuts have nothing to do with inflation. Raising rates is pretty much how you battle inflation. Balancing the 2 is key. Fed waited too long to raise interest rates.

[sturg33]

GDP -1.4%


Good job Joe!

The way to fix this is to tax people more, print more, and forgive debts people stole

[sturg33]

Maybe Poso and cerno are better follows than these propaganda outlets

[nsacpi]

I don't have much of a view on what Musk buying twitter means for the future of western civilization. But the business end looks a little like building one sand castle upon another. Hopefully, there are no rogue waves on the horizon.

I see Elon might be having some second thoughts.

https://www.washingtonpost.com/techn...k-twitter-bid/

SAN FRANCISCO — Elon Musk tweeted early Friday that his $44 billion bid to buy Twitter was temporarily on hold as he examined the number of spam accounts on the site, sending the company’s stock on a steep slide in premarket trading.

It was not immediately clear how the Tesla CEO would pause the deal or how serious the threat was. Musk is prone to brash statements on Twitter, something that has drawn scrutiny by the Securities and Exchange Commission. The terms of the deal require a $1 billion breakup fee.

Before the tweet, Musk already was seeking additional investors in his $44 billion bid for Twitter as a market downturn puts pressure on his financing.

Tesla has lost $400 billion in market value since Musk’s interest in Twitter became public in early April, driving a wedge in his acquisition plans at a time when he has committed $21 billion of his wealth to finance the purchase. Musk had planned to buy Twitter with a combination of loans and equity commitments, leveraging into the deal much of his stake in the world’s most valuable automaker — from which he derives most of his wealth.

[nsacpi]

I'd venture to guess that $1 billion breakup fee is starting to look like chump change compared to everything else.

[sturg33]

Posting twice bc it's so embarrassing

[nsacpi]

[sturg33]

Lol Tesla removed from "esg" index.

The lesson of course if you don't fall in line to the communists agenda, they will come for you

[Tapate50]

We have morons in charge. The idiots here that praise them are worse

[nsacpi]

gives new meaning to shorting a stock

[goldfly]

He must be playing 8-d chess

Only explanation to pretty much attack your customer base

He became “richest in the world” and let it go to his head instead of just advancing space x and just being one of the richest