Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
Elon Musk's X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager, Elon Musk's X is now valued at less than a quarter of its $44 billion purchase price, according to Fidelity.
"Fidelity is currently valuing X at about $9.4 billion"
I found this funny.
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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.
Aren't 75% of the users Russian bots? Lol
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.
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.
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.
We'll never know since Musk is nurturing a state-funded "user"-base that will always keep their numbers inflated
If he's trying to flip elections, he needs to at least pretend it's being operated in good faith.
I agree 100%. Liberals retweeting how Elon is losing money is actually making him money