He loaded the company with a 1 billion dollar interest per year, and the best twitter has done is 600 million in profit.
Its sad because as a Twitter user their is really no alternative.
And no, Mastodon with its garbage discoverability is not an alternative, more details on why here:
Twitter has done over a billion in revenue in each of the past several quarters
Im not saying I’m all the way there in thinking this but I’m really starting to wonder if everyone got caught with their pants down. The banks heard Elon Musk and probably didn’t do their due diligence in the loan, with the speed of this thing it’s not hard to imagine he is not as in command of the situation as he’d like people to believe. Either way it’s going to make a great business school case study.
Reddit will implement Twitter-like feeds and hashtags and eat their lunch. Twitter content creators hate Elon.
Their IPO has been "just around the corner" for the past 3 years or so. And with more time passing, the more improbable it seems to ever happen. At first, it seemed like the IPO timeline couldve been affected by COVID. But at this point, I don't think reddit will ever IPO. And if it does, it will just be a last ditch attempt to kickstart a countdown do its death.
I have no hopes at all.