Took a business worth US$44bn and turned it unto one worth US$19bn driving away advertising, etc. and in a short time. No way on this planet that is anything other than incompetence, lack of ability and anywhere else the individual wouldn't even be on gardening leave but sacked with no prospects.
What are you talking about "offsetting losses against profits". In any business loss making aspects are always offset against profitable aspects. Basic business practice and nothing to do with Musk, basic accounting.
Ian
Sure it's common accounting, but never the less efficient. He acknowledged he overpaid for the platform, tried to back out of the deal at that price. But with ruthless leadership, slashed the moderating workforce to the minimum almost immediately to create an open platform. You may not like the platform -so be it, but many hundreds of millions across the world do
He is not like many leaders of business, for starters he is reportedly worth near $500bn dollars, so losing $25bn whilst not ideal, not going to break him financially.
His losses will have been offset.
Making and losing money is part of the gamble and reward in life
I know on a far, far smaller scale of losing many thousands of pounds on investments , but making many hundreds of thousands elsewhere.
If making money was so easy and not losing a penny on the way, everyone would be rich, wouldn't they
. I guess it's not so, as most don't accumulate much over their entire life.
