Again, depends. From a business standpoint, no. Twatter has practically no value and Musk has way overpaid for it. I think they said his offer was something like $54 a share and Goldman Sachs experts' evaluation was that Twatter cannot be worth more than $30 a share. The site has never really turned a profit (same as most social media) and frankly the board was looking for somebody to buy it pretty much from the outsetKugelfisch wrote: ↑Thu Apr 28, 2022 2:07 pmNo, is Musk buying Twitter a smart move? I have no idea what actual value that site has or if Musk paid a reasonable price.
So, from a purely business standpoint, it's not a good move. Musk is unlikely to make back what he paid for it.
But, as you've seen, Twatter's value isn't monetary. The value in buying Twatter is the information control and from that standpoint, Musk buying it is a very good move. He now has considerable influence in public discourse and that influence will be very difficult to break
Most of those rich, powerful and bored created those social media cesspools and that's why they're rich powerful and bored in the first place.VoiceOfReasonPast wrote: ↑Thu Apr 28, 2022 1:52 pmI really hope it'll become a hobby for the rich, powerful and bored to buy a precious social media cesspool.