this post was submitted on 31 Oct 2023
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[–] bitsplease@lemmy.ml 77 points 1 year ago (2 children)

I for one am 100% in favor of forever adding "who halved the value of Twitter" after every mention of Elmos name lol

[–] lolcatnip@reddthat.com 13 points 1 year ago (1 children)

Is it even worth half what it was before? It's probably better to say something less specific, like "tanked", so it stays accurate.

[–] bitsplease@lemmy.ml 9 points 1 year ago

That figure is based off of a recent internal valuation that was made public because it kind of had to be, because Twitter now pays employees partly in equity (I'd rather take monopoly money, but I digress lol).

So basically that's the number Elon himself admits the company is worth today - some people say less, but honestly it's impossible to pin an exact number on these things unless someone is actually offering to buy it (or if it's public and you can just look at the market cap)

[–] PM_ME_FAT_ENBIES@lib.lgbt 5 points 1 year ago

They're saying it in this article because Elon is being transphobic on purpose to manufacture controversy on the same day it's announced that he's now halved the value of Twitter. He doesn't want people talking about what a financial loser he is, so he's trying to make people talk about what a transphobe he is