I think Elon saved America's discourse
- Thread starter Diogenes
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And then trump rewarded him by giving him unprecedented power to influence government operations and policies... not to mention enabling him to acquire sensitive information on millions of Americans.
Is that so?
Is it not so?
And you gave a non-response.
I will forever honor musk for purchasing Twitter.
However he is now threatening to buy only fans and shut it down.
Twitter is a free speech issue so thats a worthy cause. Only fans is legalized prostitution and some of the people in the industry have no other skills so it should be left alone.
However he is now threatening to buy only fans and shut it down.
Twitter is a free speech issue so thats a worthy cause. Only fans is legalized prostitution and some of the people in the industry have no other skills so it should be left alone.
Twitter had free speech. Then Musk decided he would determine what kind of speech it should have, so he bought it... and he's still not making money on it, either.
Search Assist
Yes, Elon Musk's social media platform X (formerly Twitter) has experienced significant revenue declines, with a reported drop of 58% in U.K. operations in 2024 and overall revenue nearly halving since his acquisition. Despite some recovery in 2025, the platform's financial performance remains below pre-acquisition levels.
Current Financial Status of X (Formerly Twitter)
Revenue Decline
Elon Musk's social media platform X has faced substantial financial challenges since his acquisition. The platform's revenue has nearly halved since Musk took over in October 2022. Key points include:- 2024 Revenue Drop: X reported a 58% decline in revenue from its U.K. operations, with earnings falling to $39.8 million, down from $95.2 million in 2023.
- Overall Revenue Trends: The total revenue for X dropped from approximately $4.4 billion in 2022 to about $3.4 billion in 2023, and further down to around $2.5 billion in 2024.
Partial Recovery
In 2025, there was a slight recovery in revenue:- 2025 Performance: X posted $752 million in revenue in the third quarter, marking a 17% year-on-year increase. The total revenue for the year was approximately $2.9 billion, indicating the first year of growth since Musk's takeover.
Conclusion
Despite the partial recovery in 2025, X's financial performance remains significantly below pre-acquisition levels. Musk has acknowledged that user growth is stagnant and revenue is unimpressive, indicating ongoing financial struggles for the platform.
Who told you that?
Your source didn't confirm that opinion. Did it?
Elon Musk said, "I'll say what I want, and if the consequence of that is losing money, so be it," during a CNBC interview in May 2023.
That's what made his action so impressive IMO.
Are you sad that you can't accuse him of priofiteering?
Source for what? I'm looking at X now as opposed to the previous Twitter.
If he just wanted an investment, he could have bought it and not changed anything. And why is he losing money if his idea was so good? Maybe he needs some losses for the IRS.
Some people do things because they think it's the right thing do regardless of profit or loss. That's hard for you to comprehend?
He's reported to be the largest individual taxpayer on Earth. As for his deductions, if you have any proof that they are improper, contact the IRS.
Musk claimed that conservative speech was being censored on Twitter.
Elon Musk's Purpose in Acquiring Twitter
Key Motivations
- Promote Free Speech: Musk aimed to enhance free speech on the platform, expressing concerns about censorship, particularly against conservative voices.
- Combat Spam Accounts: He intended to address the issue of spam and fake accounts, which he believed were misrepresented by Twitter.
- Transform Twitter into an "Everything App": Musk envisioned evolving Twitter into a multifunctional platform, referred to as "X," that would offer a variety of services beyond social media.
Public Statements
Musk has publicly stated that he did not purchase Twitter to make money but to "help humanity." He emphasized the need for Twitter to be a welcoming space for all users while ensuring it does not become a "free-for-all hellscape."Reactions and Concerns
- Mixed Reactions: His acquisition received mixed responses, with some praising his vision for reform and others fearing increased misinformation and harassment on the platform.
- Employee Concerns: Many Twitter employees expressed anxiety over potential layoffs and changes in company culture following Musk's takeover.
Wikipedia
T. A. Gardner
Serial Thread Killer
Hey, if you are upset with having to put up with people posting stuff you disagree with and find annoying, and you are a Progressive Leftist / Democrat, you can always go to one of their echo chambers like Bluesky or Democrat Underground where they censor and ban anyone that deviates from the approved narrative in the slightest.
Musk claimed that conservative speech was being censored on Twitter.
Elon Musk's Purpose in Acquiring Twitter
Key Motivations
- Promote Free Speech: Musk aimed to enhance free speech on the platform, expressing concerns about censorship, particularly against conservative voices.
- Combat Spam Accounts: He intended to address the issue of spam and fake accounts, which he believed were misrepresented by Twitter.
- Transform Twitter into an "Everything App": Musk envisioned evolving Twitter into a multifunctional platform, referred to as "X," that would offer a variety of services beyond social media.
Public Statements
Musk has publicly stated that he did not purchase Twitter to make money but to "help humanity." He emphasized the need for Twitter to be a welcoming space for all users while ensuring it does not become a "free-for-all hellscape."
Reactions and Concerns
Musk's acquisition reflects a blend of personal motivations and broader ambitions for the platform's future.
- Mixed Reactions: His acquisition received mixed responses, with some praising his vision for reform and others fearing increased misinformation and harassment on the platform.
- Employee Concerns: Many Twitter employees expressed anxiety over potential layoffs and changes in company culture following Musk's takeover.
So says Wikipedia.
And?
1. I'm pretty cynical about what any rich person does, no matter who they are or what their political affiliation is.
2. Musk himself claimed to be the largest individual taxpayer on earth. I don't know if he is or isn't, self-reports can be unreliable. Was the $10 billion paid to the US alone, or to various other places around the world also?
Search Assist
Elon Musk has claimed to be the largest individual taxpayer in history, stating he paid over $10 billion in taxes. However, analyses have shown that his effective tax rate can be quite low due to the nature of his income being tied to assets rather than traditional earnings.
Largest Individual Taxpayer
Elon Musk has claimed to be the largest individual taxpayer in history, stating that he has paid over $10 billion in taxes. This assertion highlights his significant contributions to the tax system.Tax Payment Context
- Claimed Tax Payment: Over $10 billion
- Effective Tax Rate: Despite his high tax payments, analyses indicate that Musk's effective tax rate can be relatively low. This is primarily because much of his wealth is tied to assets rather than traditional income.
Comparison with Other Billionaires
While Musk claims this title, it's important to note that other wealthy individuals may have lower effective tax rates due to various deductions and the nature of their income. For example:| Elon Musk | Over $10 billion | Low (due to asset-based income) |
| Michael Bloomberg | Significant deductions | Low (due to deductions) |
This context illustrates the complexities surrounding tax payments among the wealthy, where nominal payments may not reflect the actual tax burden relative to income.