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The best part of this is that it really wasn't "overvalued" at the time. Elon didn't even look up the valuation, instead he threw out a big number then they agreed to it, which he didn't expect in the first place. Tried to weasel out because he offered way more than it was valued at, then had to commit to giving up 1/3 of his net worth at the time to a project he didn't want.
Then he tried to make himself a conservative hero by unblocking Trump, which backfired when Trump tuned him down.
Now he's trying to burn it down. He's got a lot less ad revenue coming in now than we he started. Lots of users left for Mastodon, even more left for Threads, and now he'll run off the rest of the users and advertisers by making massive unpopular and unnecessary changes.
Next he'll declare bankruptcy when it's past the point it can be saved and all of twitters debit that he racked up will be written off.
Then he'll find a new toy to break.
And just wait until BlueSky stops being invite-only. I'm not on there myself, but I'm told good things. Twitter could be a ghost town.
Mastodon
Firefish?
Lemmy
/kbin