“Fidelity is currently valuing X at about $9.4 billion”
I found this funny.
I doubt anybody would buy it for a tenth, tbh.
Let’s everyone point and laugh. It humbles people like him, right?
I don’t think many can taste the sarcasm in your comment, but you’re spot on.
Appreciated. Yeah. That douche is the absolute worst, but everyone climbing over one another to call him out is just making him more and more relevant.
I remember thinking twitter was bad before he took over
It’s now a complete shadow of what it was even just a couple of years ago. Just a quarter of its value seems generous
Musk did not buy this as an investment. He bought it to flip elections and manipulate public opinion.
Tesla is writing him a check that will cover the entire purchase price, and Saudi Arabia and Russia will pay the operating costs.
Active users are what matters; if they lost 75% of their users then I’m paying attention.
Correct me if I’m wrong but I’m pretty sure he gave an outlandish bid for Twitter to manipulate it’s stock prices when he pulled put, but he was sued into following through.
I don’t think he ever wanted to buy it, or at least he wanted to crash it’s value to come back and buy it on the cheap.
Given his unlimited resources, and the world’s worst people on speed dial, do you not think that the powers that be could have orchestrated that?
Aren’t 75% of the users Russian bots? Lol
We’ll never know since Musk is nurturing a state-funded “user”-base that will always keep their numbers inflated
If they influence the election to their desired outcome, then the value won’t matter. The damage will have been done.
Is elon a Trump fan?
Yes, he gets a raging fascist boner every time someone fails to assassinate Trump because he thinks it’s the cue to go full Nazi but really he just keeps jumping the gun and making it far too obvious deeply part of Trump’s ongoing fascist takeover schemes and really not the guy we should have any significant government contracts with
Uhm… Yes. Like a lot.
Yes, trump has also offered him a spot on his cabinet
A quarter is cute and all but…
I dont get it. Why would 1/10 be cooler than 1/4 ?
Just wait.
Musk is and always has been an incompetent yet lucky scammer.
Twitter will be bankrupt within two years.
!Remindme 2 Years
Ho wait it’s not working here
I just checked and it’s worth nothing to anyone important.
Elon Musk’s greatest personal achievement has been his tireless work and incredible effort toward disproving the myth of Billionaire Exceptionalism.
Something tells me its value is not monetary for Musk.
While probably true, this still probably gets him all wound up.
How to become a billionaire: Start with 54 billion
Still this much? Damn dude cooled off
Honestly terrifying that they still think it is worth that much.
It’s only worth as much as anyone’s willing to pay for it. Take a look at any of these tech start ups that do something very insignificant slightly differently than their competitor. VALUATION 100 BILLION DOLLARS!
I wouldn’t be surprised if part of this remaining value is because the Japanese internet still heavily relies on it as a platform, even if the west has begun moving elsewhere.
If someone were to buy it, ban the Nazis and get advertisers to come back it’s still salvageable, I guess. The longer Musk owns it, the bigger the chance is that it’ll become the next MySpace.
At least the MySpace guy was able to run a fun site, cash out before social media became crazy, and spend the rest of his life having fun with that money.
Trump will lose, and Musk will be holding on to a useless site that serves nothing. He’ll probably sell for a fraction of what he paid (not that it was his money in the first place), but by that point it’ll be too late. Twitter will be long dead.
I think MySpace is a more likely scenario that the former already.
they still own the twitter trademark, that might be their biggest asset
Since they don’t seem to care about it, start using “tweet” for every social media post to devalue them further.
Tweets are a specific type of a microblog post you do on twitters. Have you tried tweeting, make your own twitter at https://joinmastodon.org/ today!
Which has been crashed and burned to a fraction of its value.
This is the stock market, the value is set by what investors think the value could be. Mostly, they’re probably assuming people would come back if he sold it. Literally everyone knows the name Twitter.
This actually isn’t the stock market, Twitter isn’t publicly traded since being bought.
Just because it’s not publicly traded, doesn’t mean that there isn’t stock nor that there’s no market. Usually, you can technically still buy/sell the stock, just not as a random member of the public on a public stock exchange like the NYSE or FTSE.
There’s usually defined periods for sales as well. Gives employees and other stock holders a way to cash out and get new investors in.
I understand the basics. I still find it difficult to grasp why it is worth 9 billion.
I wish, I wish… I wish I was a fish.
I wish there was an instrument other than the stock market whereby private individuals could combine their funds to perform hostile take-overs, and then manage them by pre-agreed conditions.
Like: we’re going to buy Twitter, build an AP interface on it, federate it, and operate it like a non-profit. We’re going to have a set of these S core values, with yearly votes on changes proportional to investment. No single investor can own more than T percent of shares Investors can sell their shares, or buy shares. Stock will never spilt. Management salaries, combined, can never exceed more than M% of non-management combined salaries, and run it as a Holocracy. Or, maybe, shares can only be sold to employees, who have to sell to other employees when they leave.
You know; try to design a good operating model that avoids the pitfalls of other companies, and can adapt when the model demonstrates perverse incentives. Put more thought into it than my ramblings above.
But ten billion dollars is a lot of money to put together, and the rules I’d like to see necessarily exclude the sort of profit-only driven capitalists who’d be able to contribute heavy loads, and would limit the amount that could contribute.
I may as well wish I were a fish.
Good news. Paraphyletic groups are bullshit that shouldn’t exist and if we get rid of them, then you actually are a fish.
I like your idea. But you’ll have to settle for being a fish.
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.
