11-29-2024, 10:52 PM
(This post was last modified: 11-29-2024, 10:57 PM by NotJoeBiden.)
(11-29-2024, 09:41 PM)LevelUP Wrote:(11-29-2024, 08:56 PM)NotJoeBiden Wrote: Under his direct management he dropped the value of Twitter by over 80%. This fact remains. Additionally, most of his companies survived as a direct result of government subsidies.
The most reliable way to determine Twitter's true value is to have it publicly traded again. Evaluating its worth isn't just about analyzing the balance sheet—it's also about assessing the unique value Elon Musk brings to the table.
This is the same reason Tesla surpassed a $1 trillion valuation. It wasn't purely due to profitability but largely because of the visionary leadership and value Musk contributes to Tesla.
Many of these subsidies were already established before Elon Musk founded these companies. In Tesla's case, the subsidies were already in place.
(11-29-2024, 08:56 PM)NotJoeBiden Wrote: This department has not yet been created, and would require an act of congress to be created. Trump had all the ability to do these things he is touting in his first term but did not. He grew the deficit by the largest single year amount of any president.
There is no need for an act of congress.
"A few weeks ago, President-elect Donald Trump announced the formation of a new advisory group called the Department of Government Efficiency, aka DOGE.
Although its name suggests a government entity, DOGE will be an nongovernment commission, operating independently."
https://www.msnbc.com/opinion/msnbc-opin...rcna182080
"There’s a long history of presidents tasking commissions with streamlining government, leading to ideas that were both praised and panned.
President Theodore Roosevelt’s Committee on Department Methods was tasked with investigating and reporting on “ways to improve business methods and practices of Executive departments” from 1905 to 1909.
President Ronald Reagan created the Grace Commission, and
President Bill Clinton formed the National Partnership for Reinventing Government.
All had successes and less than stellar reviews."
Twitter is worth less. The human capital was drastically cut, advertisers left, and increasing competition on the market has made it lose value. Elon Musk’s visionary ideas were to unban and promote white-supremacists/alt-right conspiracies, and he did that. Nothing groundbreaking. There really isn’t controversy that it has lost value as a direct result of Elon’s policies.
An advisory group isn’t the same as a department. They can only offer recommendations. They don’t hold any power like an executive department, since that would require Congress to approve. It is just a redundancy to the Government Accountability Office made to give Elon and Vivek a job for their help electing Trump.