Well said, my friend, you actually said my mind. Elon Musk thought it was business as usual thinking he can venture into anything and get it done better. Well, the Twitter purchase has put him on the wrong note, even the Tesla shares dropped so significantly. You see, if someone is touching almost everything and such things become successful, they see themselves as one demigod.
But not in all cases, social media is a different space entirely, especially when you are doing things that are anti-social media itself. He thought he can monetize everything better, but it boomerangs.
Actually, Elon Musk has started monetizing Twitter and it's going just fine for him.
A lot of people use Twitter, a lot of people don't know how much Twitter means to them, and I'm not talking of just businesses or companies and so on, I'm talking of common individuals. People who interact and spend time on Twitter. These people might just be seen interacting on Twitter, but they get a lot of updates from the app. News and sports channels report their news on Twitter, and crypto companies and almost every other company drop their updates on Twitter, they even drop links to the full stories.
People can keep up on a particular news update without actually watching the news if they have a reliable source on Twitter. Elon Musk knows this and he knows that there are people that are willing to pay to keep using this service.
Definitely, he will make mistakes, but he will learn from them, and he will get what he wants.
Recently he tried something to see how it will work, I guess he was just testing the waters. He knows what he's doing.