X is officially worth less than half of what Elon Musk paid for it
X is officially worth less than half of what Elon Musk paid for it
A steep drop from Musk’s $44 billion purchase price.
A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.
Let's recap what he did to Twitter, I will go first:
- Changed the original name Twitter to X.
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Bring back shadowbanning.
Uses user data to train AI models.
Limits replies to verified users only…Elon has made so many terrible changes to Twitter. I’m happy to be out and migrate to Mastodon and WireMin since last December. Using Mastodon to track up to date news and WireMin to stay connected with a few friends who also left Twitter.
Now I just look at Twitter like it’s the house burning down across the street.
'Freedom of Speech Not Reach', I was like isn't the same thing with Shadowbanning? It's so disgusting that he keeps claiming Twitter is the place for online Freedom of Speech but look at what he did.
Controlling the narrative is why he bought it.
44 billion is chump change to him. I wouldn’t be surprised at all to find his sole motive was to silence critics now that he got outed as a massive douche.
I rememy when i could call him a massive douche and a faux-engineer and people would pile on as though he actually built the cars himself. (Fact: he’s not a Tesla founder. He bought Tesla. And made them call him a founder.)
He didn’t want to buy it, remember? A court forced him after he set wheels in motion as “le epic trolololo” and now that he was forced to buy it, he and his authoritarian backers figure they might as well tank it in order to combat the “woke mind virus” aka people waking up to the feudal lords of late-stage capitalism keeping the scales tipped in their favor eternally.
A court forced him to honor his offer.
The court never made him offer, just to honor his contract