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

reksas@sopuli.xyz ⁨1⁩ ⁨month⁩ ago

• Kyrgizion@lemmy.world ⁨1⁩ ⁨month⁩ ago

  True, but that power is also diminished greatly as more and more regular users abandon the site. No eyes on the propaganda makes it worth a lot less.

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  • kobra@lemm.ee ⁨1⁩ ⁨month⁩ ago

    Yeah I’m sure I’m not the norm but I’m actually shocked when I see companies advertising their/their talent’s twitter accounts on tv broadcasts. I truly can’t believe that site is still mainstream after everything that’s happened.

    Idk then I look over and see trump as a presidential candidate and ugh… I guess I’m just still not comfortable/accepting of how far off the rails things have gone 🙁

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• vvvvv@lemmy.world ⁨1⁩ ⁨month⁩ ago

  Twitter currently has $1.5 billion/year deficit which is a lot, even for Musk, to bankroll.

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  • reksas@sopuli.xyz ⁨1⁩ ⁨month⁩ ago

    that brightens my day a little to hear

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  • Showroom7561@lemmy.ca ⁨1⁩ ⁨month⁩ ago

    Source? Where is that money going?

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    • thesporkeffect@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Interest on loans, payroll, cloud infrastructure e.g. AWS

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      • Showroom7561@lemmy.ca ⁨1⁩ ⁨month⁩ ago

        Those are mostly operating costs, offset by revenue, but are they actually losing 1.5 billion dollars a year? I mean, I hope so, but are they really?

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• PriorityMotif@lemmy.world ⁨1⁩ ⁨month⁩ ago

  The natural language dataset is worth a lot. That’s why they’re and Reddit made the sites harder to use/scrape.

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• erenkoylu@lemmy.ml ⁨1⁩ ⁨month⁩ ago

  Does he seem like someone who cares or needs money?

  He got a massive load to buy Twitter, so yeah, he does.

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• johannesvanderwhales@lemmy.world ⁨1⁩ ⁨month⁩ ago

  He didn’t bilk Tesla shareholders into his huge pay package because he doesn’t care about money.

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