| > Still profitable company with an incredibly high market cap A market cap that has more than halved in the last year. And market cap isn’t everything. Plummeting sales amid higher competition, layoffs, etc don’t paint a great picture. > Twitter's market cap hasn't change much Since what time period? Since after he shaved 70% of it off? [1]. It wasn’t and still isn’t profitable, yes, but it now has a far higher debt load and a drop in advertising revenues which make it worth less. > profitable and future projects are set to make it more even more profitable. Oh I said rarely and barely profitable. That doesn’t imply much profit, nor potential. It has promise, yes, but clear profits… no. Sorry for the confusion. They turned a profit only for one quarter. The structural risks are due to government subsidies that can (and are) being pulled from SpaceX. Starlink has been a huge boom to its revenue, but those subsidies were part of that. His errant behavior could jeopardize additional contracts (eg his drug use). > hardly worth mentioning The trail of headline worthy businesses are worth mentioning because they add to his allure and image. That they have little business potential, amount to trivial cost to him, and are for vanity, makes them meaningless. 1. https://arstechnica.com/tech-policy/2024/01/since-elon-musks... |