Cheer up Elon - it wasn’t worth $44B when you bought it, so it’s lost significantly less value than you think!
Most valuations by actual economists and the like was in the 20-25B range. So it still lost a 5x in value, which is only marginally worse than 10x.
Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.
Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.
replyWell, it is, if you’re a Nazi.
Same person
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The point of acquiring Twitter wasn’t to make money; it was to take away something that woke lefty journalists like and give it to fascists.
Have you considered that Elon Musk is a dumbass rather than a super genius?
The guy didn’t plan on buying twitter. He was made to after he tried gaming the system and fucked it up.
Both things can be true
South African Magician Makes $40B Disappear!
Can this man baby just go away? No one cares dude. Enjoy your overpriced echo chamber.
Him buying twitter was just some sort of narcissistic flex on his daughter.
😬
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Put another rich guy in charge of spacex first please! I don’t want to be stuck on this rock forever 🥲
luckily, he has minimal influence over SpaceX, and only really provide high level direction. Same with Tesla.
Twitter, though… the turnaround time on his whims is staggering
Considering the fuckupery at Tesla (especially as of late), this may not entirely be true. It seems that he has slightly more influence at Tesla than he does at SpaceX, which has been doing a pretty great job.
When you have a net worth measured in the billions of dollars, it’s genuinely impressive to be able to lose money. With that kind of sum behind your name, you could just do nothing and out-earn most people on the planet with just interest alone. To actually be able to lose money? Now that takes work!
Since Elon is just flushing money down the toilet do you think he might do me a solid and slice me off like 50k? Brah, that’s like if I dropped a penny on you from my last paycheck, right? I ain’t even getting greedy.
Like he could do that for 800,000 people and it would just be buying twitter, right?
This is the 4-D chess at play actually - now that it’s been delisted, there can’t be any securities class action against him. taps forehead
The Saudi loaners will be satisfied. The banks might not.
This is dee-dee-dee chess, I think.
And he’s blaming the anti defamation league…
Nothing says definitely not a racist Nazi like blaming the Jews for your failings. Nazis would never blame the Jews for everything.
He’s defaming the anti-defamation league. Ooh, what delicious irony!
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Imagine being so conceited that you think you’ll walk away from defaming the ADL.
On one hand, I can’t wait for his empire to crumble and on another hand, I don’t want to see this many Elon/X/Tesla links about something so seemingly useless.
I mean, it was never worth what he paid for it. But, he’s definitely devalued it by a lot.
It was also on a severe downward trend for about a year prior to him buying it.
I swear this is playing out like Brewster’s Millions more and more each day
Except Brewster was a decent guy.
At this point I’m starting to think he wanted to topple Twitter. Nobody is this careless.
My guess is he launched Tesla in China and wanted a WeChat clone, and as he has bought pretty much every company rather than founded them, he just thought it was rinse repeat.
I don’t think that Elron can really do math, so who knows.
He overpaid for a piece of shit and ran it into the ground.
Everyone with a used BMW knows the feeling.
That’s still way more than that shithole is actually worth though.
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Does Elon Musk really believe that X is now worth $4 billion, as his scorching post suggests? Maybe not.
Well, maybe I just read another article wildly blowing up a story based on a tweet Elon Musk spent 4 seconds thinking about.
His rush to spout shite may have led him to reveal more than he meant to I think is their point
