The nice thing about our economic system is that value is rarely completely destroyed, the money he paid for Twitter didn’t cease to exist, it went to former Twitter shareholders.
They may be using it in more productive ways than he ever would.
Just to add a little explanation to those who don’t get it: the man-hours spent by people working for then Twitter now X as well as resources used, uktimatelly for producing no wealth, could’ve instead been spent for something that did produce wealth.
Same amount of input money either way, but one produces wealth (in the economic sense of the word rather than merelly monetary) and the other just wastes manpower and resources.
There has been value generated by Twitter that will outlive it though.
They established and refined an interface that other ventures like blue sky and mastodon are utilizing, and they delivered open source frameworks like Bootstrap will long outlive Twitter, and have brought value to the broader web development ecosystem.
