“Fidelity is currently valuing X at about $9.4 billion”

I found this funny.

  • eestileib@sh.itjust.works
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    7 days ago

    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.

    • Wirlocke@lemmy.blahaj.zone
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      7 days ago

      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.

      • celsiustimeline@lemmy.dbzer0.com
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        7 days ago

        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?

        • Wirlocke@lemmy.blahaj.zone
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          7 days ago

          If he was that competent why would he resort to openly pumping and dumping meme coins in public just prior to this stunt.

          He has some dangerous strings he can pull, but that doesn’t make him a good puppet master.

        • pyre@lemmy.world
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          5 days ago

          then why not buy it normally like a human from earth and instead involve this lawsuit to make himself look like an absolute moron

    • deathbird@mander.xyz
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      6 days ago

      I think you’re giving the guy too much credit. Sometimes things are as they seen. He just didn’t like the moderation scheme on Twitter, made a gesture buying it, fumbled a little bit and overbid, then after having been forced to acquire it tried to turn it into something closer to what he wanted it to be.

    • scarabic@lemmy.world
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      6 days ago

      I think it’s even pettier than that. He’s the loud guy on the forum who literally bought the site so he could be admin.

      • reka@lemmy.world
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        6 days ago

        Honestly, everyone needs to listen to the episode of Search Engine about Elon. It’s such a clear narrative of what happened between the Iron Man cameo and now. It’s pure hubris - someone who is very unlikable desperately hungry for love to the point where his brain bust a fuse.

    • fluxion@lemmy.world
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      7 days ago

      We’ll never know since Musk is nurturing a state-funded “user”-base that will always keep their numbers inflated

    • frezik@midwest.social
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      7 days ago

      If he’s trying to flip elections, he needs to at least pretend it’s being operated in good faith.

  • reksas@sopuli.xyz
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    6 days ago

    its worth comes from being able to influence world politics. Does he seem like someone who cares or needs money?

    • vvvvv@lemmy.world
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      6 days ago

      Twitter currently has $1.5 billion/year deficit which is a lot, even for Musk, to bankroll.

    • Kyrgizion@lemmy.world
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      6 days ago

      True, but that power is also diminished greatly as more and more regular users abandon the site. No eyes on the propaganda makes it worth a lot less.

      • kobra@lemm.ee
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        6 days ago

        Yeah I’m sure I’m not the norm but I’m actually shocked when I see companies advertising their talent’s twitter accounts on tv broadcasts. I truly can’t believe that site is still mainstream after everything that’s happened.

        Idk then I look over and see trump as a presidential candidate and ugh… I guess I’m just still not comfortable/accepting of how far off the rails things have gone 🙁