1.1K

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

posted
by
Avatar
GeneralInterest@lemmy.world
in
Avatar
technology@lemmy.world
191 comments
hidereport

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

I found this funny.

Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments
Avatar
reksas@sopuli.xyz
36 points

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

permalink
report
reply
Avatar
Kyrgizion@lemmy.world
15 points

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.

permalink
report
parent
reply
Avatar
kobra@lemm.ee
7 points
*

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 🙁

permalink
report
parent
reply
Avatar
johannesvanderwhales@lemmy.world
1 point

He didn’t bilk Tesla shareholders into his huge pay package because he doesn’t care about money.

permalink
report
parent
reply
Avatar
vvvvv@lemmy.world
12 points

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

permalink
report
parent
reply
Avatar
Showroom7561@lemmy.ca
2 points

Source? Where is that money going?

permalink
report
parent
reply
Avatar
thesporkeffect@lemmy.world
4 points

Interest on loans, payroll, cloud infrastructure e.g. AWS

permalink
report
parent
reply
Show more comments
Avatar
reksas@sopuli.xyz
7 points

that brightens my day a little to hear

permalink
report
parent
reply
Avatar
PriorityMotif@lemmy.world
2 points

The natural language dataset is worth a lot. That’s why they’re and Reddit made the sites harder to use/scrape.

permalink
report
parent
reply
Avatar
erenkoylu@lemmy.ml
1 point

Does he seem like someone who cares or needs money?

He got a massive load to buy Twitter, so yeah, he does.

permalink
report
parent
reply

Technology

!technology@lemmy.world

Create post

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

Community stats

  • 17K

    Monthly active users

  • 6.1K

    Posts

  • 130K

    Comments

Community moderators