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Elon Musk, Twitter and X MegaThread (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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Hey everybody,

Due to the bombardment of Elon Musk content, the mods have decided to make a pinned mega thread. Please post all of your Elon Musk related news, gossip, technology and articles here.

We know many of you are deeply interested in Elon Must, but we need to allow space for other technology content as well.

As always, be excellent to each other.

Yours truly, moderators.

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[–] [email protected] 3 points 1 year ago

Most of those are not profitable...

And Twitter is saddled with literally billions of dollars of debt it wasn't a year ago, and payments start soon.

Either he's going to have to start paying obscene amounts of his own money to keep it at its current level, or he drastically cuts workers and/or infrastructure.

For this to have worked, he'd have to take one of the popular websites in the world (that doesn't make a profit) and make it mote popular while monetizing it.

So it maintaining it's old position just isn't enough. And things can (likely will) nosedive soon.