Depends on what you mean by doing well. It doesn’t follow that they’re making money from those 200M users. But they do have those users. If Meta can convert them to Threads, then they could make more money from them, given they actually have advertisers.
In my view Musk is probably looking to have some profit in the following years with Twitter. Twitter Blue sub was kinda a genius move which means he’s making a steady income from every subscriber plus the ads he shows to those users (even though it’s a smaller amount should be profitable).
He took a public company that was mowing through investor money to make it break even, to an actual profit.
Depends on what you mean by doing well. It doesn’t follow that they’re making money from those 200M users. But they do have those users. If Meta can convert them to Threads, then they could make more money from them, given they actually have advertisers.
In my view Musk is probably looking to have some profit in the following years with Twitter. Twitter Blue sub was kinda a genius move which means he’s making a steady income from every subscriber plus the ads he shows to those users (even though it’s a smaller amount should be profitable).
He took a public company that was mowing through investor money to make it break even, to an actual profit.