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Makes one wonder why anyone would pay $44 billion for a company reportedly losing $1.5 billion/year, especially when said buyer seems to be a somewhat polarizing figure who might drive away many of the platform’s most prolific content providers.
Especially when said buyer walks in and, straight away, shares misinformation… then complains about activist groups.
Activist groups aren’t the problem. He owns the platform, he can run it as he sees fit. Musk just isn’t willing to accept the consequences of his actions and decisions, from people leaving to advertisers not wanting their brands affiliated with his brand of chaos designed to make sure he’s always talked about.
Joe B.
Leftwing Activists groups are a problem. They’re corroborating to undermine
Musk and Twitter.
It wasn’t coincidental that hate and racists tweets started flooding the Twitter
sphere. It more than likely was a coordinated effort by leftwing groups to
discredit musk/Twitter to drive away advertisers. These leftwing groups
will undermine Musk every step of the way.
It’s sad that leftist that preach tolerance are so afraid of free speech.
Leftists made Elon Musk promote that conspiracy theory about Pelosi he had to delete, screw up the verification system with this “buy the blue check mark” nonsense, and fire their ethics and transparency team?
Throw in that his tweets are now affecting the stock price of Tesla and … well, he might be smart enough to figure it out, but that first interest payment is coming up fast and he’s devaluing himself with every Tweet. I don’t understand what business model that Musk though Twitter had to justify his investment price.
And, oh yeah, post links to your theory. Don’t post more than one a post or it gets hung up in IBJ moderation.
I commented before on the Twitter situation. Musk can’t change the outcome of the platform. 90% of the users DON’T even tweet. They just aimlessly scroll around and look for popular news. It’s just a marketing and political platform. Blue check marks or not the appeal of the app has been gone for years. I see the platform getting “refreshed” and spun off into another app or company in <3 years.
He owes a billion dollars in debt payments in 12 months. One of his largest lenders in the Saudi’s.
So two of the largest social media companies could be owned by the Chinese (TikTok) and the Saudi’s in a year. Problematic.
Trump was right to push for TikTok to be divested … and wrong to stop pushing. Congress’ inaction is also pitiful.
“Trump was right”? Trump is an idiot – he can’t even spell TikTok. After he got done with *the* press conference, he probably turned to an aide and said, “Tell my broker to buy bleach — BIG.”
.
Yep, he was right. And I’m not one to say that lightly. ByteDance should either have been forced to divest TikTok or the app should have been banned.
https://www.foxbusiness.com/technology/fcc-commissioner-escalates-tiktok-concerns-china-uses-data-maintain-authoritarian-grip-power