“Fidelity is currently valuing X at about $9.4 billion”
I found this funny.
Submitted 1 month ago by GeneralInterest@lemmy.world to technology@lemmy.world
https://techcrunch.com/2024/09/29/fidelity-has-cut-xs-value-by-79-since-musk-purchase/
“Fidelity is currently valuing X at about $9.4 billion”
I found this funny.
If he succeeds in using it as a propaganda platform to force the US into a fascist dictatorship, he will have gotten his money’s worth.
he himself is worth less than that at least morally
He is a net loss for humanity is the currency is moralistic.
We be deep in the red between Trump, Bezos, this clown and many other “captains of industry”.
Idk, he popularized electric cars, it has to count for something. But yes, net loss.
If I remember correctly the evaluation of Xitter has been around $9 Billion for years so they’re basically saying it tanked only a little if you adjust for inflation.
The value of Twitter when he bought it was $44 billion. We know this because his dumb ass bought it for $44 billion.
Regardless of what a sane person would pay for it, that was the value to him and so if the next highest valuation is $9b he lost $35b of value.
I guess my point is that it isn’t worth an article in mid 2024 because it really only repeats what has been said a million times a about the subject. Even before it was bought. No one else would’ve paid much more than $9 Billion at any point because it is legitimately insane.
They should tweet that
But then , they’ll get banned 😛
Isn’t Musk all for free speech ?
Absolutely! He simply has a very original take on “freedom”, but we all know that’s a tricky word to pin down, so don’t think about it too much, and leave it to the big dogs to tell you when your freedom is being protected.
“Free speech for me, but not for thee” lol
Twitter has worth?
It has worth. It doesn’t have value.
%79 so far
Still this much? Damn dude cooled off
I wonder when Mohamed bin Salman will be coming for his ROI on the $22B that he gave Elon for the purchase of Twitter.
If that $22B prevents another Arab Spring it’s probably worth it to him.
This guy gets it.
Brutal murderer Mohammed bin Salman
Ouch.
I don’t have the whole context so I might be missing some things, but the whole thing looks to me like “look at how much money I have to burn and how much I don’t care”.
He didn’t even want to buy Twitter, just manipulate the stock price by talking about buying it. Dumbass signed too much paperwork and waived too many rights, though, and found himself obligated to buy it anyway. Pretty sure he tried to fight it and lost.
So now he’s trying to not burn all his money, but he’s fucking terrible at it, so he’s just becoming a laughing stock.
Exactly this. He made an offer publicly, which was accepted and legally binding. He overpaid substantially and proceeded to run the company into the ground.
Except a lot of the investor capital wasn’t his lol
Tesla is next. I’m not sure even he can fuck up SpaceX but I’m sure he’ll give it the ol’ college try.
Wow. That is brutal.
As long as it’s still in operation and people view it as a valid platform, its numerical value is irrelevant. I won’t be happy until it goes away or is relegated to the likes of Truth Social.
I used to enjoy how they always use dumb photos of Leon in these articles. Now I just hate seeing his face.
So basically it is more what twitter was really worth anyway
Keep digging, “Leon”.
Twitting little twat waffle tears down trust.
seaQueue@lemmy.world 1 month ago
That’s a good start, now keep going