Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price

finitebanjo@lemmy.world ⁨5⁩ ⁨months⁩ ago

• UnderpantsWeevil@lemmy.world ⁨5⁩ ⁨months⁩ ago

  I’m confident you could unload the property for $4B easily enough. That’s somewhere in the neighborhood of $10-100/unique user amortized out over the life of the loan, which would be a steal via any other advertising medium.

  Twitter still has real value. Hundreds of millions of people still use it, even in its deplorable state. And under new management, I’m confident people would flood back in.

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  • finitebanjo@lemmy.world ⁨5⁩ ⁨months⁩ ago

    You would have to prove that the hundreds of millions who use it are “people”.

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    • UnderpantsWeevil@lemmy.world ⁨5⁩ ⁨months⁩ ago

      Empty Internet Theory is a clever joke, but it doesn’t hold up under scrutiny.

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      • finitebanjo@lemmy.world ⁨5⁩ ⁨months⁩ ago

        FaceBook deleted 6.5 BILLION bots IN 2021.

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