Kobayashi
Bronze Baronet of the Realm
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I'd argue Twitter was probably the worst purchase of anything of all time. In the sports world he's got to be neck and neck with Strasburg.
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2023-2024 NFL Season : Arizona's QB Search Continues
- Thread starter Animosity
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Merrith
Golden Baronet of the Realm
- 18,849
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I guess Strasburg did get paid AFTER winning World Series, but Watson doesn't even have championship pedigree in the NFL to explain for how he got that much money fully guaranteed.
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Kobayashi
Bronze Baronet of the Realm
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- 3,128
There's something to be said for that, but in terms of payout during the contract, Strasburg has less than 10 starts since signing his deal and he's 4 years into it with 3 left to go. That's pretty brutal.
Watson hasn't looked great, so, he might come out the champion. I give him a higher chance to potentially play up to some value still, since Strasburg looks like he's about to retire.
LiquidDeath
Magnus Deadlift the Fucktiger
- 5,219
- 12,773
Lol, as if the most powerful mass communication tool ever created is somehow not worth 38 billion. Jesus Christ.
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Kobayashi
Bronze Baronet of the Realm
- 1,084
- 3,128
I just think from a pure business perspective he overpaid by quite a bit considering all the problems they'd had with monetizing the platform and won't ever recoup even close to what he put out for it. Anyway, I get what you're saying, bad example by me, let's get back to laughing at teams that suck that aren't the Lions.
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Merrith
Golden Baronet of the Realm
- 18,849
- 7,397
What I mean is, there was no reason to even pay Watson that much money guaranteed, let alone give up the draft capital they did for it. At least the Nats were basically rewarding him for a World Series win. Watson did nothing for Cleveland prior to getting paid, and remains to be seen (probably unlikely) he does anything for them while there...meanwhile they sit on his almost 70M cap hit for each of the next 3 years.
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Kaines
Potato Supreme
- 18,481
- 52,058
Alex
Still a Music Elitist
- 14,811
- 7,603
No it was a retarded purchase and Elon is making it worse because he has no fucking clue what he's doing.
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Kaines
Potato Supreme
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- 52,058
It was totally worth 38 billion to the government as a propaganda/censorship tool. The fact Elon has no idea how to run a social media company is a completely separate issue.
Alex
Still a Music Elitist
- 14,811
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The government didn't buy it though?
What conspiracy nonsense is this community buying into now?
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BrutulTM
Good, bad, I'm the guy with the gun.
- 15,205
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Kaines
Potato Supreme
- 18,481
- 52,058
The government was pissed he bought it and didn't want it to be sold. Because, as has been proven over and over in many documents, the government was running it as their own propaganda platform. You living in denial over this fact as a shit-brained liberal should surprise no one.
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Alex
Still a Music Elitist
- 14,811
- 7,603
You made it sound like your point was it was worth it to the government to buy Twitter for 38B as a propaganda tool. But they didn't buy it.
The failure of one platform doesn't prove the success of another. He took over the company and blindly fired massive teams and then had to beg them to come back when he realized they were critical teams. Companies are straight up boycotting advertising on the platform - the main thing he wants to monetize. Ad revenues have gone down each month and they're expected to be half of where they were last year by 2027.
The purchase has been a financial disaster for Elon.
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Penance
Golden Baronet of the Realm
- 8,439
- 13,551
He bought cultural relevance. The amount of money it took to get that might have looked steep to a simple balance book but in the grand scheme of things cannot be overstated enough.
He literally has the loudest voice on the largest social media platform in the world. The place where every government has an official account to push PR updates.
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Ameraves
New title pending...
- 13,882
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This is not entirely accurate. Twitter still has a fraction of the employees it did when he purchased it, and it is still running.
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