There’s a Reason No Smart Buyer Already Purchased Twitter

This reminds of an old joke told to all undergraduate economists:<p>A hundred-dollar bill is lying on the ground. An economist walks past it. A friend asks: &quot;Didn&#x27;t you see the money there?&quot; The economist replies: &quot;I thought I saw something, but I must&#x27;ve imagined it. If there had been $100 on the ground, someone would&#x27;ve picked it up.&quot;

&quot;Musk is not a coder and has never worked for a company that develops code as a core business function. So it’s not clear that he even understands what “open source” means&quot;<p>Can&#x27;t believe I just read this in the article.

I agree with most points here but surprised by &quot;Musk is not a coder and has never worked for a company that develops code as a core business function&quot;. He was a part of x.com &#x2F; PayPal

That was true about electric cars and rockets too. Musk may fail at this one or another future project, but you can&#x27;t blame the guy for not being refreshingly original and dynamic

This seems like an expensive vanity project for Musk, who often seems to lack focus. In the decade-long bull market he has so far thrived in, he hasn&#x27;t paid much of a price. That may change in a forecasted environment that looks more like inflationary recession.

The reason most people haven’t already purchased Twitter is that they don’t have enough money.

Lack of literal billions in liquid funds for a vanity project is the first thing that comes to mind.

If you take into account how much money social media makes for Musk: &#x2F;wallsteetbets and crypto pumps, I think this purchase will be directly enormously profitable for him, not just a political power move.

I don’t understand finance much but I think that Musk will soon have to make Twitter public again. A huge part of this deal is being financed through banks and using Tesla stock as collateral. But soon banks will start asking for their money back . At which time Musk will either have to sell his Tesla shares or make Twitter public again to repay the banks.