He bought it to completely destroy it because it was one of the few big social media platforms that didn’t give a distinct advantage to RWNJs.
It’s weird to me that this isn’t more commonly believed, because his main aim with all this is to make America more oligarchic (i.e. great again) and become an oligarch, as is the fashion among rich white supremacists.
Not to get political.
“We feel that any possible rumors and Streisand effects of a 50 year ban are far exceeded by how bad things actually are. Thank you for the chance to be a mattress-fucking sock puppet on Lemmy.”
Genuinely gross. They could have built their own community here and acted as leaders, instead they’re tightening their grip on a weak power trip.
I attribute the perceived fading momentum has a lot to do with Reddit itself. There’s a reason wall street wants a piece of reddit, and it has nothing to do with however profitable “making redditors look at ads” is.
Their financial instruments are so byzantine and dynamic that probably only one of their quants could tell you. It’s probably less than could be hoped, given the level of corruption inherent to the system. Remember that literal crime is profitable even when you get caught, in Wall Street.