cross-posted from: https://lemmy.world/post/20134417
this post was submitted on 24 Sep 2024
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Enough Musk Spam
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I think his ego is at least as much of a factor. Even before he bought Twitter, it was well known that he was probably going to lose money, because the value was inflated. But his ego made him go through with it, and of course he's lost a lot of money there.
Similarly, when users are moving to other social media, I don't think he's looking at the associated price tag. After all, he knows how to increase advertising revenue on Twitter. All he needs to do is get rid of the neo-nazis and the racists, and some of his former large advertisers might come back. But he won't do it because he doesn't want to be pushed around, and he also probably likes the neo-nazis and the racists.
There are many quiet ultra rich people who are mostly aiming at getting a lot of money and keeping it, and then there are vocal for rich people who want to show off their power along with their money. Our boy here is in the latter category.