[deleted]

Comments

• 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!

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  • Iwasondigg@lemmy.one ⁨1⁩ ⁨year⁩ ago

    U/spez is copying off of Elon’s homework at this point.

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    • Igloojoe@lemm.ee ⁨1⁩ ⁨year⁩ ago

      Spez said himself he likes what Elon was doing.

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  • Diplomjodler@feddit.de ⁨1⁩ ⁨year⁩ ago

    The 56% is their internal valuation which is probably very optimistic.

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    • ericisshort@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Fidelity has devalued their contribution to Elon’s investment by 65% in the past 11 months.

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• davetansley@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Why did its valuation tank after Elon Musk took over and started enacting his policies? Perhaps we’ll never know…

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  • Diplomjodler@feddit.de ⁨1⁩ ⁨year⁩ ago

    It’s obviously because us lesser minds can’t fathom the extent of his ingenuity.

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  • Conyak@lemmy.tf ⁨1⁩ ⁨year⁩ ago

    Obviously because of remote workers. /s

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    • davetansley@lemmy.world ⁨1⁩ ⁨year⁩ ago

      That and the woke mind virus.

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• NeoNachtwaechter@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Why? Because Musk.

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• sarge@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I mean, did it tank? It wasn’t worth what he paid in the first place.

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  • Salvo@aussie.zone ⁨1⁩ ⁨year⁩ ago

    He overpaid for it so that was what it was worth.

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  • Feathercrown@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Yeah but he made it worse than it actually was too

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• ChaoticNeutralCzech@feddit.de ⁨1⁩ ⁨year⁩ ago

  !enoughmuskspam@lemmy.world

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  • Kissaki@feddit.de ⁨1⁩ ⁨year⁩ ago

    That’s a bad name for that kind of community.

    You posting this on here implies you’ve heard enough of Musk and don’t want to anymore. But that community produces Musk content - is only opposed to worship.

    With that context I assume you referenced a related community for OP - the opposite of what I thought you were doing.

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    • ChaoticNeutralCzech@feddit.de ⁨1⁩ ⁨year⁩ ago

      It exists to offload Musk spam from other communities so that people tired of him can just block it. I agree, it could have been named better, perhaps ElonNewsDump.

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• Encode1307@lemm.ee ⁨1⁩ ⁨year⁩ ago

  Let’s not forget that it wasn’t really worth what Galaxy Brain Elon paid for it. The board looked for anyone else to buy it and no one was interested at that price.

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• Infinity13@lemmy.world ⁨1⁩ ⁨year⁩ ago

  I have noticed that lately Ads are just cheap crap from China for hight price. In other words - a money scams… I remember seeing Ford companys ads, invites to move your business to Poland, lots of industy companies… now its just gross crap. I wonder if twitter gets more or less revenue from those scams

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• autotldr@lemmings.world [bot] ⁨1⁩ ⁨year⁩ ago

  This is the best summary I could come up with:

  ---

  When Elon Musk bought the company one year ago this week, he paid about $44 billion for the microblogging platform, or $54.20 per share.

  There are certainly many explanations as to why Twitter’s value has been halved, like how the platform has spent the last year killing global brand awareness, deplatforming journalists and aiding impersonation.

  Depending on who is calculating a company’s valuation — a venture capitalist, a government auditor or an egotistical billionaire — the resulting number can vary drastically.

  The company, which was taken private with Musk’s purchase, is now offering employees restricted stock units (RSUs) at a share price of $45.

  “Since there’s no active liquid market for shares, the company can make an argument that common stock is worth less than the $44 billion price tag,” Haslett told TechCrunch.

  “409A valuation sets the tax basis for stock options,” Alex Ross, founder and CEO of the plant care app Greg, told TechCrunch.

  ---

  The original article contains 549 words, the summary contains 154 words. Saved 72%. I’m a bot and I’m open source!

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• ikidd@lemmy.world ⁨1⁩ ⁨year⁩ ago

  The best theory I’ve seen for all this is that the Saudis had such a hate hardon for Twitter after Arab Spring that they financed the deal in order to wipe the platform out, and are fully funding the loss in the background.

  I half-way believe it after all the painfully stupid decisions Musk has made. I think he’s an egotistical twat, but I don’t think he’s as stunningly idiotic as it would take to make the mistakes he’s made. But I’ve been wrong before.

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• Voroxpete@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  The article, for those who (understandably) couldn’t be bothered, does not even remotely interrogate this question. Basically it just says “the value got updated, depending on how you see it this could actually be good for them”, with this assertion mostly based on the assumption that employees are getting stock options (God help them if they are).

  Pointless trash that’s mostly just written to run cover for Musk’s incompetence.

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