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The revenue is down 35% from last year, but what is their profitability? It's not a public company anymore, so revenue goals...who cares about them? A private o
by FrontierPsych 4y ago
The revenue is down 35% from last year, but what is their profitability? It's not a public company anymore, so revenue goals...who cares about them? A private owner is more concerned about profits. So did the shedding of all those positions either give profit now, or set up profitability in the future? I think so.
Planning for long-term - who cares if 500 advertisers left? The exodus of advertisers is why other advertisers should expand their advertising. Less eyeball competition, and better deals.
90% of the Fortune 500 companies that were at the top 50 years ago are no longer there, or whatever that number is. They stagnate. They don't shake themselves up. They go along to get along.
I think that a lot of people want Musk to fail, just because. People take glee in the hope that he will fail. Especially now that they don't agree with him politically. Which, for the record, I think that it was monumentally stupid to bring politics into it, on his side.
The reality is the guy spend $44 billion of his own cash. He has built many HUGE companies that he owns. I think the guy knows what he is doing. He might fuck it up, but he knows more about running huge companies than you or I, that's for sure. Could he fail? Sure, of course. But the guy put his money where his mouth is. They guy is not full of shit, he ponied up $44 billion.
He has done things that you, nor I, nor anyone else could do in 100 lifetimes. Oh, I've read the nay-sayers - he gets the public to fund things, the government to fund his things, and this and that. Well, why don't you or I, knowing this, go out and make a bunch of multibillion dollar companies that change the course of society the same way that he did? Not possible, otherwise you and I would have already done it. Except, of course, if we actually did, everyone would LOVE us and our decisions, because we would be pure and holy. WE would do it right. hahahahahaha.....sure, sure.
I'm not a Musk fanboy, but I think he did some impossible things. I just think the whole hoping he fails because of his politics is hokey and immature.