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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 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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[–] 36 points 2 years ago (5 children)

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

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  • [–] 15 points 2 years ago (1 child)

    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.

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  • [–] 7 points 2 years ago* (last edited 2 years 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 🙁

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  • [–] 12 points 2 years ago (2 children)

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

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  • [–] 2 points 2 years ago (1 child)

    Source? Where is that money going?

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