Could be, but the reason they haven't done this is that Twitter's user base is really not that large and that discourages user base growth.
Do you realize that 80% of minors who are gender confused end up changing their minds? Tough to change your mind when your parts are gone.
This..is...just...dumb. An imaginary statistic, combined with ignorance of medical procedures, and a lack of any humanity.
Musk's owns 172,600,000 shares of Tesla stock. At $1,000 a share that is worth $173 billion dollars. He only owns 17% of Telsa so even if he lost all of the stock he pledged for Twitter, he would still own around 12% of Tesla.
Musk strikes you as someone who will waste his money on something? People thought TSLA wouldn't be a stock success either. That didn't turn out well for those who shorted TSLA
So how does one monetize Twitter? And yes, this deal strikes me as wasteful, which is why the markets bought it before today either.
The poison pill was either a legit strategy that fell by the wayside when the stock stated tanking, or something they reconsidered when they realized what their shareholder return would be (or share shots started revolting), or a negotiating ploy, given they got an extra however many billions out of Musk in the final deal. In any case, had they truly wanted to stick by it it would have worked, just would have poisoned their side too. But we might never know what Their actual strategy was.
I think the board probably figured this was a ploy for attention, because why would somebody pay so much to privatize a firm that has never figured out a way to turn a profit. Then he went out and got the money and risked a chunk of his stake in a profitable company. Twitter's stock didn't tank, but it didn't shoot up in anticipation of a purchase either. When he actually made the offer official, they would be dumb to turn it down.
More member controlled premium content (commission based). Expanded Twitter Blue features A la carte features (edit button). Strong E-commerce features.
The only one of those that looks like it would have potential for serious monetary collection without a huge hit to user experience is the first (basically cutting into substack's business), but the platform itself holds it back (unless you start allowing better long-form posting, which seems to kill their point of differentiation).
Trump will not return to Twitter even as Elon Musk purchases platform, will begin using his own TRUTH Social
Dont discount his background in the e-commerce space. A few interesting theories floating out there about this today.
If long form posting is a premium you can monetize it while people still have the option not to follow such accounts. The (mostly) free accounts will just stay status quo with character limit
We will see, but the past management arguably had more background in it (through Square). But it better be a good idea, because he just dumped a huge premium on it and risked some of his stake in a highly successful business to do so.
