RollingStone,

Surprising absolutely no one, Elon Musk has confirmed that the social media platform formerly known as Twitter and now known as X is now worth less than half of the $44 billion he paid for it last year. https://www.rollingstone.com/culture/culture-news/elon-musk-value-twitter-19-billion-1234866167/

Tiredagain,

@RollingStone Nice tax write-off.

RoguePlayer,
@RoguePlayer@mstdn.social avatar

@RollingStone maybe he should give it to trump so he can value it at $5 quadrillion dollars.

VernAFish,
@VernAFish@mstdn.social avatar

@RollingStone forcing people to read his ingenious tweets is worth billions of dollars to him. Dismantling a semi open information marketplace is also worth billions to the extreme right.. he and his investors are fine with losing billions, its part of the plan

markdevries,
@markdevries@mstdn.social avatar

@RollingStone We all know Elon didn’t buy Twitter to earn money. He was always more into the quality side of the thing. And that has improved tremendously. According to Elon, at least…

Sector9, (edited )
@Sector9@mastodon.social avatar

@RollingStone
I would totally give him 100 Rubles for .

FirefighterGeek,
@FirefighterGeek@masto.ai avatar

@RollingStone If he's saying 19, the real number is likely less than 10.

ARC01,

@RollingStone I'm sure it'll skyrocket in value when he shoehorns shitty dating & banking features into it. LOL

ksaj,

@RollingStone Personally, I think it's because the Republican voters already have the monopoly on echo chambers, so focusing Twitter to become yet another one was doomed to fail from the start.

He basically gutted Twitter of its Value Proposition, and now it's just one of many of the same damn thang.

AnhedonicHedonist,

@RollingStone How many meals for low income people is 25 Billion in a year?

How many Bachelors degrees is 25 billion over a year?

How many rural hospitals can you build for 25 billion?

For being a power-monger, and that need for attention he has. Heck, the people would have damn near crowned him. But nah, 44 billion for the lowest hanging fruit - and still blew it.

I dunno, I can think of a lot more fun things than being the official oligarch for the neo-nazi movement..

Atticus1956,
@Atticus1956@mastodon.social avatar

@RollingStone He's as great a business man as Trump; perhaps, even better! LMAO!

lusofreak,
UweNeufeld,

@RollingStone
He would do the bussines deal of his lifetime if he sold his 44 bn toy for 1 $. Yes 1.00 USD.

auad,

@RollingStone he is still over evaluating it. Some people never learn!

Ed_Brickell,

@RollingStone all part of his Master Plan of 16D Chess

kechpaja,
@kechpaja@social.kechpaja.com avatar

@RollingStone And if we all do our best at getting people to leave, we can deal with the other half in even less time!

Hawkmoon,
@Hawkmoon@mastodon.social avatar

@RollingStone

Cuz people on Twitter said bad things about Elon.

Wikipedia also says bad things about Elon, but he can't buy it.

That makes Elon angry.

HumanityExists,

@RollingStone The destruction was the unequivocal intention. Elon was the figurehead, but this destruction was a concerted effort by a multitude of nefarious actors.

twirlyboy,

@RollingStone Soon to be worthless.

nobrainnopain,

@RollingStone burn, money, burn…

WendyMsGator,

@RollingStone

It wasn't worth the $44B he paid for it, when he paid for it.

stooovie,
@stooovie@mas.to avatar

@RollingStone still way too much

aggualaqisaaq,
@aggualaqisaaq@mastodon.sdf.org avatar

@stooovie @RollingStone

Yup. From the fact that he's saying it's half you know it's a million times worse. With all the debt, there's no doubt Twitter's actual value is deep into negative digits territory by now.

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