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Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)

submitted 2 years ago by GeneralInterest@lemmy.world to c/technology@lemmy.world

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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] Wirlocke@lemmy.blahaj.zone 53 points 2 years ago* (4 children)

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.

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[+] celsiustimeline@lemmy.dbzer0.com -4 points 2 years ago* (last edited 2 years ago) (3 children)

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[–] Wirlocke@lemmy.blahaj.zone 19 points 2 years ago* (last edited 2 years ago) (1 child)

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.

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[–] I_Clean_Here@lemmy.world 4 points 2 years ago

Broken clock and all that

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[–] pyre@lemmy.world 5 points 2 years ago* (last edited 2 years 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

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