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That's interesting. Because I thought this move is precisely to help the rest of musk's enterprises, I mean, why else would a billionaire buy a communication pl
by jerojero 5y ago
That's interesting. Because I thought this move is precisely to help the rest of musk's enterprises, I mean, why else would a billionaire buy a communication platform? Though the article brings up good points, conflicts with China and him getting "distracted". But to this second point, it sort of links musk's personality to the success of Tesla and in this regard, wouldn't it be a good thing that he is now in charge of twitter?
Finally it's not as though what markets say is a good or a bad move is the truth and I think often times they are very sensible to momentarily panic/hype. There is so much that can go wrong or that can go well. But to me what's clear is that buying twitter was not a "this is a very good profitable business" decision.
To finalise, in Chile at least, it is not uncommon for billionaires to buy local mass media (tv, newspapers, radio) and most of the time these are businesses that lose money. But in reality, the ability to moderate and shape public discourse is incredibly more important than direct revenue.