Re:Brazil's top court says X paid pending fines to wrong bank
by arromatic on Saturday October 05, 2024 @05:33PM
(#41753097)
It's bleeding users. Bleeding users = no revenue . He can't sustain it forever from his pocket and lost user means the platform is as worthless as a random mastodon instance that no one knows about.
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Re:Brazil's top court says X paid pending fines to wrong bank
by JumpCrisscross on Saturday October 05, 2024 @06:35PM
(#41753414)
> can't sustain it forever from his pocket
Why not? Even if he doesn't restructure the debt he's basically created, in xAI, enough personal wealth to bankroll X/Twitter for a decade.
Re:Brazil's top court says X paid pending fines to wrong bank
by threatofrain on Saturday October 05, 2024 @06:45PM
(#41753464)
Likely not worth it — consider the kinds of stuff Elon leads. Twitter is the least prestigious among them. He has far more interesting places to gamble on.
Re:Brazil's top court says X paid pending fines to wrong bank
by JumpCrisscross on Saturday October 05, 2024 @06:49PM
(#41753476)
> not worth it -- consider the kinds of stuff Elon leads. Twitter is the least prestigious among them
It's practically getting him Cabinet-level power without the accompanying checks in an incoming Trump administration. (Or Vance '28. Et cetera.)
America didn't have a Rupert Murdoch since Hearst. Newsrooms preserved their independence. Twitter doesn't have a newsroom. It doesn't have journalists. It has Elon and his peons. That's powerful.