this post was submitted on 16 Jul 2023
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The didn't buy Twitter for a profit.
He bought Twitter to destroy it because big free horizontal communication platforms are bad for billionaires.
He can't just close it, so he just destroy it little by little until it is no more.
The same way conservative groups bought Tumblr because it was too sexual liberating for their conservative views.
He bought Twitter by mistake, and was forced into it by Twitter shareholders who saw the opportunity to make bank.
This is also the case, however he had the option to drop out with much lower losses.