I mean, they’re starting off with a 43 BILLION dollar debt to start with. I legitimately don’t know how you make a profit, ever, starting that deep in the hole. I’m not an expert, but it’s probably the most debt an investor had to climb out of on day 1.
And thats not even mentioning the fact that twitter wasn’t even profitable before the sale.
So he bought a company that never turned a profit, was actively losing more and more money year after year, and he adds 43 billion dollars of debt to a failing business.
But hey, he went to harvard, right? Clearly he has better business sense than all of-----BAHAHAHAHAHAHA!!! Sorry, couldn’t say that with a straight face.
Twitter’s original plan was to run in cash infusion mode as long as possible. They never even substantially tried to monetize. They had links to all the other platforms, that all the best celebrities in journalists. Besides having just some tech debt issues they could have easily spun an AI product and sold the exact interests of their entire user base to the highest bidder.
Everybody sliding into AI right now isn’t an accident. They train a model on the corpus of everyone’s interactions. It creates a model deeply seated with everyone’s likes and dislikes. They can use the model to infer stuff that’s not even exactly stated. They can lump people together that you wouldn’t be able to do in a conventional manner.
That user base, in the right hands, was worth the money. Just not necessarily for shoving ads in their faces on the site.
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Doubt it. Call their bluff. They’d lose so much more to legal/court fees than they’d ever get back. X is just looking for a quick cash injection.
I mean, they’re starting off with a 43 BILLION dollar debt to start with. I legitimately don’t know how you make a profit, ever, starting that deep in the hole. I’m not an expert, but it’s probably the most debt an investor had to climb out of on day 1.
And thats not even mentioning the fact that twitter wasn’t even profitable before the sale.
So he bought a company that never turned a profit, was actively losing more and more money year after year, and he adds 43 billion dollars of debt to a failing business.
But hey, he went to harvard, right? Clearly he has better business sense than all of-----BAHAHAHAHAHAHA!!! Sorry, couldn’t say that with a straight face.
Twitter’s original plan was to run in cash infusion mode as long as possible. They never even substantially tried to monetize. They had links to all the other platforms, that all the best celebrities in journalists. Besides having just some tech debt issues they could have easily spun an AI product and sold the exact interests of their entire user base to the highest bidder.
Everybody sliding into AI right now isn’t an accident. They train a model on the corpus of everyone’s interactions. It creates a model deeply seated with everyone’s likes and dislikes. They can use the model to infer stuff that’s not even exactly stated. They can lump people together that you wouldn’t be able to do in a conventional manner.
That user base, in the right hands, was worth the money. Just not necessarily for shoving ads in their faces on the site.