Rabble on Nostr: Jack didn’t have the wealth to simply buy all of the twitter shares, nor cover all ...

Jack didn’t have the wealth to simply buy all of the twitter shares, nor cover all the cost of running the service when advertisers abandoned the platform because they didn’t want their ads running next to controversial content. If he’d banned Trump earlier he would been ousted by a shareholder revolt, if he didn’t ban Trump after January 6th, then the advertisers would have pulled back and caused the company to lose money, which would also have lead shareholders to ousting the board and Jack as CEO.

This has nothing to do with courage or ideological purity. Twitter’s a business with constraints as a publicly traded company with an advertising business model.

What he did do was fund alternatives which wouldn’t have this problem, first Bluesky with twitter funds, and then Nostr with his personal funds.