this post was submitted on 01 Jul 2023
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First, watching what's going on with Twitter is like you're in a roundabout and there's a giant car crash right in the middle of the roundabout, and all you need to do is just keep on going around and around and you keep keep on watching it as it keeps getting worse. Lmfao
On the other hand, I can totally understand why he's batting at hornet's nests. He's got to find a way to make that crappy investment somehow profitable. Yeah, you can do whatever you want with unlimited resources, but he's dealing with multiple new realities where Twitter actually needs to figure out how to run as a business instead of as a political charity.
With this sudden, reckless implementation of shit, alienating more and more of the very user base that gives the business its' value?
He's created a cascade effect that didn't need to turn into an avalanche, at this point he's just piling one half-baked idea on top of another, and another, and another.
Unless the petty goal is to turn that place into a toxic right-wing playground, which in turn... what does he gain from that, exactly, in case it works out and has a societal/electoral effect? Lower taxes and less oversight, so he can do as he pleases?
Occam's Razor suggests his mind is broken by stress, willful lack of sleep and social media addiction - the attention of millions of both haters and worshippers - incompetently "getting high on his own supply" like Tony Montana, and went into this convinced his shit doesn't stink. And now flailing at the lack of success and here comes A.I. with its' scrapers.
Twitter was profitable before Elon.
Not really. It might have had a profitable quarter or a profitable year now and again, but overall it was a highly unprofitable company almost every year it was public. That was before the current moment where ad rates have collapsed on every platform which is why many other companies which depend on advertising have been suffering at the same time.
Besides Twitter, a lot of ad reliant businesses are in big trouble this year.
Sounds like you're making assumptions. And I'm telling you that it was profitable before purchase. It doesn't matter where it would be today or where they were before being profitable because both of those things aren't relevant.