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Chris Remington ( remington@beehaw.org ) MA to Technology · 3 years ago

Value of X has fallen 71% since purchase by Musk and name change from Twitter

www.theguardian.com

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Value of X has fallen 71% since purchase by Musk and name change from Twitter

www.theguardian.com

Chris Remington ( remington@beehaw.org ) MA to Technology · 3 years ago
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Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios
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  • MyTurtleSwimsUpsideDown ( MyTurtleSwimsUpsideDown@kbin.social ) 
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    3 years ago

    Well, duhh!

    All the devs are working on Wayland now.

    • SketchySeaBeast ( SketchySeaBeast@lemmy.ca ) 
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      3 years ago

      Who is making Yutani?

      • LoamImprovement ( LoamImprovement@beehaw.org ) 
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        3 years ago

        I dunno, but they better watch out if they don’t want Seegson eating their lunch.

        • BoastfulDaedra ( BoastfulDaedra@lemmynsfw.com ) 
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          3 years ago

          Damn, man. The food ain’t that bad.

  • Auzy ( Auzy@beehaw.org ) 
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    deleted by creator

    • ChillhopBear ( StantonVitales@beehaw.org ) 
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      3 years ago

      That and jokes about refusing to call it X

      • Zozano ( Zozano@lemy.lol ) 
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        3 years ago

        What’s X?

        • Empricorn ( Empricorn@feddit.nl ) 
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          3 years ago

          It marks the spot.

    • 4dpuzzle ( tesseract@beehaw.org ) 
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      3 years ago

      It feels like news agencies run these stories just to rub it in his face.

  • crandlecan ( crandlecan@mander.xyz ) 
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    3 years ago

    Brilliant business strategy, you just wait!! 😂

    • agegamon ( agegamon@beehaw.org ) 
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      3 years ago

      Literally only the best strategies here! I mean lets recap:

      • Threaten to buy company then double down and agree in writing as a bullying tactic: check
      • Roll a nat 1 on your intimidation check: check
      • Be forced to follow through when called out on being mentally an 8 yo by the feds: check
      • Fire critical employees, like basically all of them: check
      • Yoink verification away from public news orgs: check
      • Let anyone pay to be “legit,” even if they’re parodying you: check
      • Rename twitter to the stupidest thing imagined since head-on (apply directly to the forehead): check
      • Gut content moderation policies but also stop enforcing regardless: check
      • Post own hate content and racism to the platform: check
      • “Accidentally” run ads next to hate content: check
      • Be told your sign sucks and to take it down by city: check (lol)
      • Become a living embodiment of “big yikes” energy while telling aforementioned advertisers to “go fuck yourselves” on live TV: check
      • Hallucinate about making x into a libertarian wechat alternative: check
      • Tank the value of the company while blaming literally anyone else for your failures: mission in progress, #1 priority

      10/10 solid buy, gonna grab some long calls rn. The koch boys and rupert murderjock must be holding back a tsunami of jealousy by now 🤣

      • Thisfox ( Thisfox@sopuli.xyz ) 
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        3 years ago

        You left out “throttle diaster information accounts when the disaster is happening” (Japan earthquake).

        • agegamon ( agegamon@beehaw.org ) 
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          Check!

          Also, I forgot all the tomfuckery he pulled with starlink in Ukraine, cutting off access and the like.

          It’s truly a testament to how much shit this guy has done that we forget so much of it.

      • crandlecan ( crandlecan@mander.xyz ) 
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        3 years ago

        See! This guy gets it!! 😍

    • Powderhorn ( Powderhorn@beehaw.org ) 
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      3 years ago

      I’m pretty certain I know how Musk would respond to this. It’s inappropriate for Beehaw.

      • hydroptic ( hydroptic@sopuli.xyz ) 
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        3 years ago

        Something something woke mind virus something

        • averyminya ( averyminya@beehaw.org ) 
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          deleted by creator

    • some_guy ( some_guy@lemmy.sdf.org ) 
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      3 years ago

      He’s a genius playing 8D chess. You just don’t understand. By this time next week, Twitter will be the only website in the world and Lonnie will laugh at you from mars. Just watch!

      • leopardpuncher ( renard_roux@beehaw.org ) 
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        3 years ago

        Insert Bond Villain Plot™ where he’s secretly buying all the EMP-hardened server parks in the world, and it’s getting ready to orbital-nuke everything except Shitter servers back to the stone age.

        And of course he will brick every phone and computer everywhere, so nobody will be able to use Shitter, but God damnit, it will be the only site left!

  • belated_frog_pants ( belated_frog_pants@beehaw.org ) 
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    3 years ago

    Looool idiot, i cant believe anyone ever thought he was smart

    • 4dpuzzle ( tesseract@beehaw.org ) 
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      3 years ago

      There are still people around who believe that he’s the tech messiah sent to deliver them to Mars.

      • Titan ( Titan@beehaw.org ) 
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        3 years ago

        I wouldn’t go anywhere this guy tells me to go, nevermind to fucking Mars

        • 4dpuzzle ( tesseract@beehaw.org ) 
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          3 years ago

          Of course you wouldn’t. I’m talking about the mob that would. A mob with no more than a few neurons collectively is a danger to everyone else.

        • Nollij ( Nollij@sopuli.xyz ) 
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          3 years ago

          But would you let him put a chip inside your head, potentially controlling your thoughts and access to information?

          • Titan ( Titan@beehaw.org ) 
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            3 years ago

            No questions asked!

  • Hyggyldy ( Hyggyldy@sffa.community ) 
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    3 years ago

    wHaT bUsInEsS hAvE yOu StArTeD

    • t3rmit3 ( t3rmit3@beehaw.org ) 
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      3 years ago

      *follows Musk on LinkedIn*

  • HalJor ( HalJor@beehaw.org ) 
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    deleted by creator

    • belated_frog_pants ( belated_frog_pants@beehaw.org ) 
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      They already wrote them off. If i had lost a 100th of that i’d never have credit ever again

      • 4dpuzzle ( tesseract@beehaw.org ) 
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        3 years ago

        You could have the same privileges if you just work hard enough! /s

  • Gormadt ( Gormadt@lemmy.blahaj.zone ) 
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    I’m honestly a bit surprised

    Surprised that it’s only 71% that is

  • Irdial ( vhstape@lemmy.sdf.org ) 
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    3 years ago

    shocked pikachu face

  • CrypticCoffee ( CrypticCoffee@lemmy.ml ) 
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    Maybe, but I don’t think Musk is running twitter for money. He’s probably doing what every billionaire is doing. Buying media to shape public opinion. Turning twitter right leaning to build public support for conservative policies that will benefit his other business is probably the play.

    Why worry losing 20bn when he could gain 50bn for SpaceX(SeX. Just seen that…) and Tesla? Sounds like a good return on investment.

    • survivalmachine ( survivalmachine@beehaw.org ) 
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      SpaceX(SeX. Just seen that…)

      And Tesla’s first few car models were S, 3, X, Y (Ford owned the trademark on model E, so Musk had to go with 3).

      • CrypticCoffee ( CrypticCoffee@lemmy.ml ) 
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        I did not know that. He really is a manchild.

  • katy ✨ ( cupcakezealot@lemmy.blahaj.zone ) 
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    I used to keep a couple of bookmarks of people I liked to follow to view on Nitter; now I don’t even care about that mostly because the most of them left Twitter.

  • Thisfox ( Thisfox@sopuli.xyz ) 
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    When the Japanese Earthquake information twitter account was throttled a few days ago, after the earthquake, there seemed to be this general realisation that they were not going to be able to use it for disaster communication any more…

  • RadioRat (he/they) ( RadioRat@beehaw.org ) 
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    Not sure things would look much different if Twitter was intentionally destroyed.

    • DuffmanOfTheCosmos ( DuffmanOfTheCosmos@beehaw.org ) 
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      That’s because it probably was

  • Amju Wolf ( amju_wolf@pawb.social ) 
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    As easy as it is to hate what he did to Twitter I wonder how much of that original value was just “VC hype” and now people see it for the failure it has always been like all social media in a way. Turns out it’s pretty hard making money out of non paying users.

    • A1kmm ( A1kmm@lemmy.amxl.com ) 
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      I think alienating all the advertisers probably didn’t help much either.

      • Hazzia ( Hazzia@discuss.tchncs.de ) 
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        deleted by creator

    • ExLisper ( ExLisper@linux.community ) 
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      The original value was based on ad revenue which is down now. It has nothing to do with VC hype or non paying users.

  • DavidGarcia ( DavidGarcia@feddit.nl ) 
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    I bet he’ll rename it to “SEX” sooner or later

    • delmain ( delmain@beehaw.org ) 
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      He already did that with the Tesla models

      S3XY

      • sqgl ( sqgl@beehaw.org ) 
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        Are Tesla models the Musk equivalent of Heffner’s Playboy bunnies? /s

        • BoastfulDaedra ( BoastfulDaedra@lemmynsfw.com ) 
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          deleted by creator

  • ulkesh ( ulkesh@beehaw.org ) 
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    3 years ago

    Good.

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