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Chaos at Twitter
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Sage of Time
Well-Known Member
Eagerly awaiting Musk selling the whole damn thing off.
Remember when everyone thought Disney would buy it? In retrospect, that would have been great.
Remember when everyone thought Disney would buy it? In retrospect, that would have been great.
It would only have exposed Disney to more culture warriors.
lazyboy97o
Well-Known Member
Twitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity Says
(Bloomberg) -- Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and...
Better than ever!
Musk’s investment in Twitter is now worth $8.8 billion, according to the Bloomberg Billionaires Index, which uses Fidelity’s valuation to calculate the value of his holding. Musk spent more than $25 billion to acquire an estimated 79% stake in the company last year.Twitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity Says
(Bloomberg) -- Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and...finance.yahoo.com
Better than ever!
The latest markdown erases about $850 million from Musk’s $187 billion fortune, according to the index. Despite Twitter’s issues, Musk’s wealth is up more than $48 billion this year, largely due to a 63% surge in Tesla Inc.’s share price.
Do you really think he cares? He has the money to do what he wants.
At least Twitter, right now, is worth thousands times more that its actual real world worthiness!Twitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity Says
(Bloomberg) -- Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company. Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and...
Better than ever!
So, Musk's got that going for him!!
Did Disney stop advertising on Twitter? I used to see a lot of promoted tweets and hashtags but I haven’t seen any in the last few days. Admittedly, I’m not on Twitter very much anymore and maybe I’m just not seeing them.
Edit: after 5 days of not seeing a single disney ad on twitter, I am now seeing tons of them. So it appears nothing has changed. Probably just twitter not targeting me for disney ads for the last week.
Edit: after 5 days of not seeing a single disney ad on twitter, I am now seeing tons of them. So it appears nothing has changed. Probably just twitter not targeting me for disney ads for the last week.
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lazyboy97o
Well-Known Member
So apparently Twitter might have been hit with a DDoS attack from Twitter…
sfba.social
Sheldon Chang 🇺🇸 (@sysop408@sfba.social)
Attached: 2 images This is hilarious. It appears that Twitter is DDOSing itself. The Twitter home feed's been down for most of this morning. Even though nothing loads, the Twitter website never stops trying and trying. In the first video, notice the error message that I'm being rate limited...
DisneyWall-E
Well-Known Member
Meh
Can I send you my answer on threads
mysto
Well-Known Member
I like the bird better. I think X will stand out better in our heads from the other chat platforms and support expansion. So I think Musk is probably right as usual, annoyingly.
Regarding the drop in value; Musk is in a position to not care about a loss even on this scale. I don't think he bought it to make a quick buck.
lazyboy97o
Well-Known Member
He bought it because he had to.
Because of Twitter's failing brand appreciation due to Musk's purchase of Twitter, Musk's growing unpopularity, and his constantly changing aspects of Twitter, Musk has decided to rebrand it make it *more* associated with Musk and by changing an aspect of it. Genius!
By the way, we all still know Meta is Facebook and Alphabet is Google.
By the way, we all still know Meta is Facebook and Alphabet is Google.
lazyboy97o
Well-Known Member
You just don’t under the secret genius of a logo that can’t be trademarked!
We should all call it "Ten" to tick him off.
mysto
Well-Known Member
This is an interesting and enigmatic comment, what would be the consequences if he didn't buy twitter? I feel like he could retire immediately and do nothing, so what is required of Elon Musk?
lazyboy97o
Well-Known Member
Twitter sued Elon for breach of contract. They had made an acquisition deal and Elon almost immediately tried to walk away from it. They were in the middle of the trial when Elon finally relented and agreed to go forward at $44 billion and not a lower amount like he had also tried to get as a alternate to trying to walk away. The trial was not going well for Elon. He might have lucked into only paying some substantial penalties but was likely going to be ordered by the court to buy Twitter.
Musk also didn’t personally finance the entire deal. He took out some substantial loans as well as funding from the likes of the Saudis.
He had a very small amount of his own money in the buy. He also held a lot of Twitter stock which dropped like a rock. Whether it stays low or goes high decides if it was a good investment. In the long run I am not sure if he cares.