Comment

Comment on [deleted]

Salvo@aussie.zone ⁨1⁩ ⁨year⁩ ago

Let us analyse it critically;

change of API policies resulted in death of third-party apps.
exodus of content creators due to inaccessibility of official Apps and user interfaces.
exodus of high-value users due to lack of high-value content.
exodus of medium-value users due to increase is low-value content and ads.
increase in toxic behaviour due to lack of moderation and encouragement of antisocial behaviour.
fediverse (and Reddit) attracting content creators and users with better (more insular) communities and content.
loss of brand equity with bizarre name change.

I’m honesty surprised that it only tanked by 56%.

Also, pay attention, u/spez!

source

Sort:hotnew top

Iwasondigg@lemmy.one ⁨1⁩ ⁨year⁩ ago
U/spez is copying off of Elon’s homework at this point.

source
- Igloojoe@lemm.ee ⁨1⁩ ⁨year⁩ ago
  Spez said himself he likes what Elon was doing.
  
  source
  - danielton@lemmy.frozeninferno.xyz ⁨1⁩ ⁨year⁩ ago
    Still blows my mind that a co-founder of a popular (at the time) site decided to copy a guy who knows nothing about social media and is running it into the ground.
    
    Yeah, I know spez is an asshole, but it’s still bizarre.
    
    source
    fluxion@lemmy.world ⁨1⁩ ⁨year⁩ ago
    These guys are so detached from society that the only thing that catches their attention is obscene wealth and power
    
    source
    pastermil@sh.itjust.works ⁨1⁩ ⁨year⁩ ago
    That is true. Can’t say that spez is exactly inexperience. In fact, he’s been with Reddit for like a decade now.
    
    source
    -> View More Comments
Diplomjodler@feddit.de ⁨1⁩ ⁨year⁩ ago
The 56% is their internal valuation which is probably very optimistic.

source
- ericisshort@lemmy.world ⁨1⁩ ⁨year⁩ ago
  Fidelity has devalued their contribution to Elon’s investment by 65% in the past 11 months.
  
  source
  - Pika@sh.itjust.works ⁨1⁩ ⁨year⁩ ago
    I know very little about finances, what does that actually mean. I expect that fidelity is the financial broker, but how are they able to devalue what they put towards the purchase of the platform after everything’s been signed and agreed to.
    
    source
    ChicagoTransplant@midwest.social ⁨1⁩ ⁨year⁩ ago
    Its the current value they believe the investment has now. So if they sold today they would expect it to be 65% less than what they paid.
    
    source