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Have you considered why investors were bidding something like 60 cents on the dollar right until Trump's election? (Hint: because Elon has been using the US gov
by sealeck 1y ago
Have you considered why investors were bidding something like 60 cents on the dollar right until Trump's election? (Hint: because Elon has been using the US government to press companies into buying his ad product, despite the fact that it is materially worse than Google or Facebook's).
> The only insight we have
This is untrue. There's fairly credible reporting (e.g. in the FT) that Twitter's reveue numbers have bottomed and they are not making money. Of course, a lot of these problems are being disguised by the fact that Elon Musk has merged in xAI (and investors are very happy to pile money into AI without even the slightest due diligence).