Comment on Elon Musk calls for “criminal prosecution” of Twitter/X ad boycott perpetrators

fluxion@lemmy.world ⁨2⁩ ⁨months⁩ ago

• just_another_person@lemmy.world ⁨2⁩ ⁨months⁩ ago

  He privatized and fired the board, remember? Nobody else inside to hold him accountable for being a non-stop fuckup.

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  • cranakis@reddthat.com ⁨2⁩ ⁨months⁩ ago

    There are the shareholders…

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    • just_another_person@lemmy.world ⁨2⁩ ⁨months⁩ ago

      Institutional only now, and they’re all big companies who Musk strung along for the ride. He’s already on the hook with them, and they are obviously not pleased. He still the majority shareholder, and it’s lost 75% of its value since he took it over, and it’s clearly going to just bleed to death. They’ve already lost their investments.

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      • grue@lemmy.world ⁨2⁩ ⁨months⁩ ago

        You say “institutional investors” as if it’s their money they’re losing. It isn’t. It’s everybody’s 401(k)s and IRAs, held through mutual funds that disenfranchise them from being able to vote their shares and put that power in the hands of the “institutions” (read: fund managers) instead.

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      • intensely_human@lemm.ee ⁨2⁩ ⁨months⁩ ago

        and it’s clearly going to just bleed to death

        When do you predict twitter will shut down, or be sold my Musk?

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