Comment on Elon Musk email to X staff: ‘we’re barely breaking even’
breadcat@sh.itjust.works 1 month agopretty sure twitter was losing money before he bought it
Comment on Elon Musk email to X staff: ‘we’re barely breaking even’
breadcat@sh.itjust.works 1 month agopretty sure twitter was losing money before he bought it
DragonTypeWyvern@midwest.social 1 month ago
It had actually just started breaking even, but all the experts agreed it had effectively reached market cap and thus would never take in the kind of cash its valuation implied from a purely financial perspective.
Then Elon significantly overpaid for it.
At least if you don’t factor in narrative control as value, if you view it as an investment in ending American democracy it was probably a decent purchase.