Musk Proposes to Buy Twitter for Original Price of $54.20 a Share

Q

quovadis

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Emjay said:
It's there in black and white out of Jack's own mouth. I am pretty inclined to believe the person who ran the company for years (and my own experience) over some random dude on the internet.
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I'm not commenting on Jack's comment on Twitter's pace of growth. I'm commenting on the your assertion that "Net profit is the biggest determinant of sustainability. Or at least a break even". There are many companies who for many years were not profitable nor breaking even. Many are still running profitable or not today.
 
Emjay

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quovadis said:
I'm not commenting on Jack's comment on Twitter's pace of growth. I'm commenting on the your assertion that "Net profit is the biggest determinant of sustainability. Or at least a break even". There are many companies who for many years were not profitable nor breaking even. Many are still running profitable or not today.
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That does not make them sustainable in the long term. The ultimate goal of a business is for PROFIT. How do you not understand this?
 
Temujin

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Vorastra said:
I rescind my previous comment.

This rule existed prior to the Musk takeover.

@wbot the rules.

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No policies have changed yet. Wokes are reee'ing for breaking pre musk rules they supported just a few weeks back and are crying mah censorship... beautiful to see them standards on display yet again
 
Vorastra

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Temujin said:
No policies have changed yet. Wokes are reee'ing for breaking pre musk rules they supported just a few weeks back and are crying mah censorship... beautiful to see them standards on display yet again
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My favourite is they think they're winning by getting themselves yeeted.

 
Gnarls

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Emjay said:
That does not make them sustainable in the long term. The ultimate goal of a business is for PROFIT. How do you not understand this?
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Cue three pages of him totally missing the point and then tapping out with, "Agree to disagree."
 
Q

quovadis

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Vorastra said:
I rescind my previous comment.
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100%. So then perhaps the current Twitterati unhappiness has more to do with Musks' own free speech position being at odds with expectations again for the platform and it's current terms?
 
wbot

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R13...

R13...

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Emjay said:
That does not make them sustainable in the long term. The ultimate goal of a business is for PROFIT. How do you not understand this?
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And he's saying not making profit for a time doesn't mean you aren't en route to achieving that objective. As indicated Amazon and Tesla spent years building the business to a point where they can make profit sustainably instead of driving profit over growth in the unsustainable short term.

I don't know if Twitter were headed there, but the last 5 years show that they were headed in the right direction. Sort of. Musk is actually making aggressive cost cuts which could threaten the business's sustainability for short term profit.
 
Vorastra

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Emjay said:
Twitter is awash with people whining and whining about the most inane stuff.

I saw a post go viral because someone called Musk and Drake losers. I mean, imagine their self loathing if they think Musk is a loser...
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There's a guy I watch on YT with a wife and 5 kids.
People call him an incel because he supports traditional relationships.
 
Emjay

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R13... said:
And he's saying not making profit for a time doesn't mean you aren't en route to achieving that objective. As indicated Amazon and Tesla spent years building the business to a point where they can make profit sustainably instead of driving profit over growth in the unsustainable short term.

I don't know if Twitter were headed there, but the last 5 years show that they were headed in the right direction. Sort of. Musk is actually making aggressive cost cuts which could threaten the business's sustainability for short term profit.
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Twitter was founded in 2006. It's FIRST PROFITABLE year was in 2019. Tell me that is sustainable with a straight face.

The only reason it can sustain that is because it is in a bubble. It is valued more than it is actually worth. This is not rocket science.
 
Vorastra

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quovadis said:
100%. So then perhaps the current Twitterati unhappiness has more to do with Musks' own free speech position being at odds with expectations again for the platform and it's current terms?
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As was the issue with the right last week when Musk said rules won't change until he puts a team together to go through everything.
 
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