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The "Elon is saving free speech, so this is worth it" argument for this incredible destruction of value is what cracks me up. The internet had/has no problem h
by mullingitover 3y ago
The "Elon is saving free speech, so this is worth it" argument for this incredible destruction of value is what cracks me up.
The internet had/has no problem hosting repugnant viewpoints. Plenty of web hosting providers are available for you to share your most vile, hateful thoughts. We're watching a very powerful person discover in real time that free speech isn't something that generates value on its own.
- partiallypro 3y agoSaying Elon is "free speech" at all is a joke. He could have lined up certain principles and been fine. It's not like the last CEO and ownership group was really killing it. There was a lot of unfairness. Elon just made it much worse. He has even suspended accounts that have merely said something negative about him. On a few popular threads critical of Elon, likes keep disappearing and reach gets limited.
- qzw 3y agoAll speech are equal, but some speech are more equal than others.
- realcertify 3y ago"Destruction of value" assumes that Elon paid what Twitter was worth back then, which is not necessarily true.
- goalieca 3y agoIt’s definitely not true. Elon way overpaid for Twitter and even tried to back out. Twitter was also in poor financial shape and it was losing money. Frankly after this many years I couldn’t see it as a growth stock.
- dragontamer 3y agoTwitter was losing $200 million/year in 2021 IIRC. Taking a $13 Billion loan and therefore being charged $1.3 Billion/year in interest payments means its going down the Xitter faster than ever before. The amount of loan-payments Twitter had to make this year alone dwarfs the losses Twitter had over the past decade.
- ryandvm 3y agoWell... it was true to the shareholders