alt Hacker NewsThis is why I think Elon buying Twitter was one of the most strategic decisions he ever made: he quite literally bought the meme machine that upholds the valuations of his companies.
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ceejayoz • today at 2:24 PM
And the government that helps fund and regulate (or not) them.
I still don't think it was strategic on his part, he did try to back out after all; my guess is that having bought it, he tried to maximise the value it produced.
And given the financial statements in the SpaceX IPO, to the extent X still has any value at all, it is almost all just influence of one kind or another, not actual money.