You completely misread my comment. Of course it's smart for time magazine to sell a worthless business to a billionaire. My point is why are tech billionaires buying money losing businesses? It certainly isn't for profit or because it is a good financial decision. So what are they getting out of it? Certainly people like bezos and benioff don't like losing money. So what is the purpose?

My issue isn't why did time magazine sell itself. That is obvious and understandable. My issue is why did a tech billionaire buy it. That isn't as obvious and understandable.