DougDoug
๐ค SpeakerAppearances Over Time
Podcast Appearances
He gets some Saudi help and he gets whatever.
So it's a $44 billion purchase.
A lot of it's through debt.
He finds out quickly that his new changes to Twitter don't make any money.
They're actually losing all the advertisers.
And the ones that try to sell you the check mark, they don't make any.
I read that viewer hours are up from Elon.
I've seen Elon make a lot of claims.
I know for a fact it did not make a profit.
And that's because not only did the revenue go down, but they had to pay the interest on the debt, which is a lot of money every month.
So that all added up to being a net negative.
And some of the people that helped him invest in that debt, the Saudis, and they were getting kind of mad.
But Elon, he bailed them out.
He went to his other company, XAI, which he also owns, and bought Twitter.
XAI buys Twitter.
XAI also loses money, but they're bigger and they're easier to attract funding because AI is a cooler buzzword.
And maybe Grok is...
gonna do something.
I'm not a fucking expert.
I don't really, I don't know.