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PaperclipPerfector  9d ago (text post)   25747 thread views

Culture War Roundup for the week of November 25, 2024

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Relatedly, these people also probably said you can’t build a rocket ship company or an electric car company. Doesn’t mean Elon will succeed but…I try not to bet against him.

Hope you didn't lay money on twitter!

I’m not sure the Twitter purchase was always a financial one by Elon. In any event, most people predicted Twitter would fail after Elon cut a bunch of people. It didn’t. Elon was right on the business aspects. Assuming advertisers come back (which it seems they will) it actually wouldn’t surprise me if he makes a little money off of it.

I don't know if this is what you meant, but there was actually a lot of money to be made by betting against Musk during the Twitter acquisition saga: What seemed like an open-and-case of "you have to buy the company you committed to buying" was trading at a steep discount, seemingly only because "It's Elon, anything can happen".

I'm referring to the entire twitter saga, but probably mainly the additional value lost under Musk's ownership.

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