One year after being bought for $44 billion, X is worth $19 billion
One year after being bought for $44 billion, X is worth $19 billion
Company is giving employees equity based on a share price of $45.
I don't get that platform. I just signed up for mastodon and am not sure I'm feeling that either.
I feel like these Twitter-style sites are just ...like... Keyboard warriors. It's just smug post after smug post.
It honestly creeps me out. Like I see all these popular political posts by profile icons I recognize.... But every post is just whinging...
Who are these people and why do they get popularity and even mentioned on the news as truth when their posts have no sources and are just bullshit political emotion. Then you read a news article that "Twitter is cancelling....". All because there was one post about with someone acting like a dick.
To put this in perspective, they lost an average of $2B per month in value. According to HUD, there were about 582,000 homeless people in the US last year. $2B per month is enough to house all of them nearly 4 times over if you assume $1k per month in housing expenses.
What a monumental waste of resources that could have made a difference. Musk just sucks
Its funny how this headline keeps coming up every couple of weeks with a smaller number each time.
I dont know how they generate these evaluations, and honestly I dont even trust they are accurate. Or care, my life is fully uneffected by the success or failure of that site.
But it is always funny to read the new nearly identical headline with the number shifted down by 1-4 billion from last time.
Transforming Twitter into an 'everything' app is a terrible idea. Why? Take WeChat, for example. Initially a messaging app, it now incorporates a multitude of services including short video clips similar to YouTube, Twitter-like posts (for friends only), a wallet linked to a bank card, and more. One of my Chinese friends said, 'You won't find anyone in China who doesn't use WeChat because it has everything we need!' It seems that users are quite satisfied with the services WeChat provides.
However, they may be overlooking the drawbacks of such centralized applications:
- Privacy issues: Identity verification is required; without it, most features are inaccessible.
- Censorship: I suspect that all communications are stored on a central server, with algorithms designed to detect sensitive content or keywords related to politics, NSFW material, etc. Since it's linked to your identity, you could easily end up on a blacklist.
- Account suspension: The developer has the power to suspend accounts at any time due to the centralized nature of the system.
- Security risks: If someone gains access to your phone or passcode, they could access your money, your contacts' information, and your personal details, since it's an 'everything' app.
- Manipulation: Show those news that the country or the company want us to, hide those that are not helpful to them.
These issues and risks are inherent in centralized platforms and social media but consolidating them into an 'everything' app only amplifies the risks. My friend mentioned that WeChat hasn't introduced a subscription fee yet, but Twitter and other services have.
I mean, an 'everything' app might be feasible in a restricted country like China, in the United States? Hell not! But, Big Tech and governments have the monopolistic power to make these things happen, so we have to find alternatives. The sooner we migrate, the sooner we can reduce the risks that I mentioned above.
The digital world is incredible, but also dangerous. It's best that we start protecting our own privacy rights, our right to speak freely, and our right to control our own minds and discern the truth.
This guy has the attention span of a circus flea, doesn't he?
I'm high af and buying Twitter. Hate speech is lol because I feel unloved. Advertisers you go now, you damned J's. We don't need qualified staff for 2.0 I know how to paste code. Ok now we're gonna make hella $ with "verified". Shit. Ok I gotta unplug some servers and refactor. I know PHP. A child looked me in the eyes but he couldn't see into me like I know the others do. Now we're X for some reason. Now we're revenue sharing. I like to lie. Now we're subscriptions, babby. No we're gonna facilitate financial transactions in a challenge to the banking sector now cuz they got my nuts in a fukkin' vice here Linda!
Who gives shit? Let it sink. Let it be forgotten. Stop giving it attention.
Lol. What a dumbass.
It's called "eloning"
That's what X is valuing itself at, not what it's worth. We'll get a better sense of what it's worth when it goes back on the market or goes bankrupt, whichever happens first. Right now I have a hard time imagining anyone would pay that much for it. For context Snapchat, which has had a lot more success with advertising lately, is worth about $16 billion.
A job creator at work. What an impressive sight.
I am so happy for that🥰
If it keeps trajectory ill be able to afford the whole of twitter
Works hard to forward his companies like X which lost billions in value cos of his stupidity? Where's his Hyperloop? I wouldn't buy a Tesla if it were the only car in existence. I'm even tired of his name.
sound investment
When will it be worth zero? At a rate of $2 billion per month, 10 months??
Shoulda shorted the fk outta it, lol.
And Elon really thinks folks are gonna trust him with their money.
LOL
It's been a year!? Jebus cripes I'm getting old
consider where the stock was trading at the year before he bought it. he got a discount, basically. a lot of people who had been holding shares lost money to the richest guy on earth. and then he threw the money away burning down Twitter.