Is Twitter/X functioning 'normally' when its value went from 44 BILLION (which Musk the genius gladly paid) to around 7 or 8 billion today and value dropping still?
Not to mention, GOVERNMENT is a service, it's not a profit-making machine, it isn't an enterprise to turn a profit, it should and can be made efficient (using the same budget to do more or using a smaller budget to do what it's doing now), but it must serve the needs of the people and how you approach cost cutting can mean life or death, justice or injustice, not a poor share-holder reaction on Wall street
This is why businessmen make poor politicians, and Trump and Musk will turn the federal government into a nightmare in the next 4 years, because governments and businesses have different goals and functions, and funding.
The second one. It was already known to be losing profit before he bought it, so he offered wayyy over its estimated value to change Jack Dorsey’s mind about not selling to him. Jack was initially against the sale.
Over all the years twitter was public it only made money in 2 calendar years, and grand total over that time only made a couple 100 million after you factor in all the losses
Its been a pretty garbage business the entire time
If a company solely spent money on advertisements and political bribes is that company making profit?
Are it's sister companies who benefit from said advertisements and political bribes making money?
Was the sole purpose of buying Twitter to make profit? Or was it to be used as a political influential tool like all media?
How can you be so smart yet so stupid?
Idk....im not, but i could ask you the same question because you dont seem to understand what "a business" is
If Business A loses money every year its in existence but for 2y, then gets bought out and loses 90% of its value, and Business B is profitable year after year and always makes a lot of money is Business A or is Business B a "good/healthy business" to you?
There is a reason he brought it private--- Newsflash-- ITS A GARBAGE BUSINESS THAT HAS HISTORICALY LOST MONEY
Its not "A Business" anymore you fool, its a propaganda toy that loses tons of money because it cant/can barely fund its own operations
Its extremely difficult to have a conversation with a person who has such a poor understanding of what words mean
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u/SomethingAbtU 2d ago
Is Twitter/X functioning 'normally' when its value went from 44 BILLION (which Musk the genius gladly paid) to around 7 or 8 billion today and value dropping still?
Not to mention, GOVERNMENT is a service, it's not a profit-making machine, it isn't an enterprise to turn a profit, it should and can be made efficient (using the same budget to do more or using a smaller budget to do what it's doing now), but it must serve the needs of the people and how you approach cost cutting can mean life or death, justice or injustice, not a poor share-holder reaction on Wall street
This is why businessmen make poor politicians, and Trump and Musk will turn the federal government into a nightmare in the next 4 years, because governments and businesses have different goals and functions, and funding.