this post was submitted on 30 Sep 2024
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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] eestileib@sh.itjust.works 141 points 1 month ago (7 children)

Musk did not buy this as an investment. He bought it to flip elections and manipulate public opinion.

Tesla is writing him a check that will cover the entire purchase price, and Saudi Arabia and Russia will pay the operating costs.

Active users are what matters; if they lost 75% of their users then I'm paying attention.

[–] Wirlocke@lemmy.blahaj.zone 53 points 1 month ago* (last edited 1 month ago) (1 children)

Correct me if I'm wrong but I'm pretty sure he gave an outlandish bid for Twitter to manipulate it's stock prices when he pulled put, but he was sued into following through.

I don't think he ever wanted to buy it, or at least he wanted to crash it's value to come back and buy it on the cheap.

[–] cultsuperstar@lemmy.world 27 points 1 month ago

Aren't 75% of the users Russian bots? Lol

[–] deathbird@mander.xyz 22 points 1 month ago

I think you're giving the guy too much credit. Sometimes things are as they seen. He just didn't like the moderation scheme on Twitter, made a gesture buying it, fumbled a little bit and overbid, then after having been forced to acquire it tried to turn it into something closer to what he wanted it to be.

[–] scarabic@lemmy.world 18 points 1 month ago (1 children)

I think it’s even pettier than that. He’s the loud guy on the forum who literally bought the site so he could be admin.

[–] reka@lemmy.world 9 points 1 month ago

Honestly, everyone needs to listen to the episode of Search Engine about Elon. It’s such a clear narrative of what happened between the Iron Man cameo and now. It’s pure hubris - someone who is very unlikable desperately hungry for love to the point where his brain bust a fuse.

[–] fluxion@lemmy.world 15 points 1 month ago

We'll never know since Musk is nurturing a state-funded "user"-base that will always keep their numbers inflated

[–] frezik@midwest.social 2 points 1 month ago

If he's trying to flip elections, he needs to at least pretend it's being operated in good faith.

[–] macattack@lemmy.world 1 points 1 month ago

I agree 100%. Liberals retweeting how Elon is losing money is actually making him money