Elon calling Fidelity a bunch of pedos in 3… 2… 1…
HotelPuzzleheaded654 on
Turns out “owning the Libs” is quite expensive.
Antimutt on
What happens to a tree in a forest with an X on it?
BigDumbGreenMong on
Given that it’s got around 350 million monthly active users (Facebook has 3 billion, Reddit 1.2 billion, TikTok 1 billion – for reference) and is losing both advertisers and users, and has a highly erratic CEO who loves picking fights with customers and governments, and it has no clear strategy (beyond Elon’s vague “everything app” bullshit), and is increasingly over-run with spam and hate-speech, I think $9.4 billion is generous.
wuddafuggamagunnaduh on
Bonuses for everybody!
chickenpackingcowboy on
Still seems too high.
No_Fail4267 on
Still too high. That Nazi POS needs to go broke..
cad_internet on
Hope there’s a concerted effort to move off X in 2025.
Musk was someone I respected when he bet his fortune on SpaceX.
But nowadays, he’s a conservative mouthpiece who uses his shitty acquisition to propagate his agenda.
charlu on
Musk doesn’t care, he has bought Twitter to shut it down. Too much free speaking for him. He’s rich enough to be able to loose that kind of money.
Hogglespock on
In fairness it wasn’t worth 44 when he bought it, he overpaid and everyone knows that, so there was a huge markdown the instant he bought it. What fair value was back then is anyone’s guess.
So the real drop is whatever that was to 9.4
Intrepid_Row_7531 on
I’m surprised it’s that high
_WhatchaDoin_ on
Let that sink in.
Significant-Cod-9871 on
Hahaha. Cool. Do tesla next?
justbrowsington on
That valuation is $9.4 billion USD too high I’d say.
old-bot-ng on
Hmm still lots of value for a disinformation portal
gnomegnat on
I am not certain what all of that word pyramidding means or conveys, it sounds like when my uncle tried to say that an uno x and a joker or fool from the tarot deck beats my straight flush.
KlutzyWillingness248 on
Business genius
pimezone on
What associations does X brand have?
– X is a button to close the window
– X is ex-twitter
– X has soulless logo
– Subscription to get basic functionality
– You say X, you think of hordes of bots, that spread misinformation
– You say X, you think of a childish, narcissistic CEO, who thinks he is a genius
randy88moss on
How are twitters stock holders cool with this?
freakymoustache on
Every Billionaire megalomaniac needs a propaganda outlet. He’s just copying the devil himself Rupert Murdoch
Navetoor on
Reddit is so caught up in believe a fabricated narrative and focused on telling people what they should know.
Adavanter_MKI on
He went from… “He seems kind of cool for a billionaire” to… “Oh, he’s a little crazy and self destructive” and finally “I hope this man is ruined with every fiber of my being.”
Seriously. Screw this guy. Only thing that restores some faith in humanity is how badly Twitter has fallen under his watch. Thank you to all the companies and folks who left. Shame on everyone who stayed. I don’t want to hear the excuses. There are other platforms you could use in replacement. About the only entities I can accept are the emergency services who just want to alert folks. That’s it.
Hyceanplanet on
This seems grossly high. An actual buyer might pay $3B, because they have $10B or so in debt, and the company requires billions in new cash just to operate. It’s going to be billions more to reposition and rebuild the brand, and years, if ever, for revenues to return.
i_should_be_coding on
I don’t understand reality where a guy can lose 35 billion on a whim and be considered a genius.
24 Comments
Elon calling Fidelity a bunch of pedos in 3… 2… 1…
Turns out “owning the Libs” is quite expensive.
What happens to a tree in a forest with an X on it?
Given that it’s got around 350 million monthly active users (Facebook has 3 billion, Reddit 1.2 billion, TikTok 1 billion – for reference) and is losing both advertisers and users, and has a highly erratic CEO who loves picking fights with customers and governments, and it has no clear strategy (beyond Elon’s vague “everything app” bullshit), and is increasingly over-run with spam and hate-speech, I think $9.4 billion is generous.
Bonuses for everybody!
Still seems too high.
Still too high. That Nazi POS needs to go broke..
Hope there’s a concerted effort to move off X in 2025.
Musk was someone I respected when he bet his fortune on SpaceX.
But nowadays, he’s a conservative mouthpiece who uses his shitty acquisition to propagate his agenda.
Musk doesn’t care, he has bought Twitter to shut it down. Too much free speaking for him. He’s rich enough to be able to loose that kind of money.
In fairness it wasn’t worth 44 when he bought it, he overpaid and everyone knows that, so there was a huge markdown the instant he bought it. What fair value was back then is anyone’s guess.
So the real drop is whatever that was to 9.4
I’m surprised it’s that high
Let that sink in.
Hahaha. Cool. Do tesla next?
That valuation is $9.4 billion USD too high I’d say.
Hmm still lots of value for a disinformation portal
I am not certain what all of that word pyramidding means or conveys, it sounds like when my uncle tried to say that an uno x and a joker or fool from the tarot deck beats my straight flush.
Business genius
What associations does X brand have?
– X is a button to close the window
– X is ex-twitter
– X has soulless logo
– Subscription to get basic functionality
– You say X, you think of hordes of bots, that spread misinformation
– You say X, you think of a childish, narcissistic CEO, who thinks he is a genius
How are twitters stock holders cool with this?
Every Billionaire megalomaniac needs a propaganda outlet. He’s just copying the devil himself Rupert Murdoch
Reddit is so caught up in believe a fabricated narrative and focused on telling people what they should know.
He went from… “He seems kind of cool for a billionaire” to… “Oh, he’s a little crazy and self destructive” and finally “I hope this man is ruined with every fiber of my being.”
Seriously. Screw this guy. Only thing that restores some faith in humanity is how badly Twitter has fallen under his watch. Thank you to all the companies and folks who left. Shame on everyone who stayed. I don’t want to hear the excuses. There are other platforms you could use in replacement. About the only entities I can accept are the emergency services who just want to alert folks. That’s it.
This seems grossly high. An actual buyer might pay $3B, because they have $10B or so in debt, and the company requires billions in new cash just to operate. It’s going to be billions more to reposition and rebuild the brand, and years, if ever, for revenues to return.
I don’t understand reality where a guy can lose 35 billion on a whim and be considered a genius.