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I’m not really understanding how Twitter was becoming a threat to the US national security state. That “fact” being true is the prerequisite to this particular
by dangus 3y ago
I’m not really understanding how Twitter was becoming a threat to the US national security state. That “fact” being true is the prerequisite to this particular conspiracy theory, and I don’t think it’s a strong theory. This was a US-based public company where TLAs can knock on their door anytime.
I think the explanation is far simpler: Elon fully controls Twitter and is doing whatever he wants. Whether he lost $50 billion on it is immaterial at this point: he’s so wealthy that it will take him no time at all to recover that kind of money.
With only ~20% of its original headcount, I have to assume Twitter is profitable, even if it lost half its advertising revenue.
Twitter is still commanding a huge user base: the number of people leaving Twitter just because of Elon being a baby is way overstated. There are probably, no exaggeration, hundreds of millions of Twitter users who have basically no clue who the guy is (especially outside the United States where 75% of Twitter users are located).
I don’t even think Elon’s vision for the product as a “super app” is all that dumb, it just depends on whether it’s something that can be successfully executed. For example, Instagram added direct shopping within their app and it’s been successful. That would be a great start for Twitter or X or whatever it is going to be.
- thefreeman 3y ago> With only ~20% of its original headcount, I have to assume Twitter is profitable, even if it lost half its advertising revenue. This is a terrible assumption. Not only do they have massive infrastructure cost but he also saddled the company with over $1 billion / year in interest costs on the loans he used to buy the company.