this post was submitted on 30 Aug 2024
1151 points (97.8% liked)

Technology

59534 readers
3168 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
1151
San Francisco says ‘good riddance’ as X prepares to leave (www.siliconrepublic.com)
submitted 2 months ago by moe90@feddit.nl to c/technology@lemmy.world
133 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] gravitas_deficiency@sh.itjust.works 57 points 2 months ago (2 children)

You saw the investor list, right? There’s a LOT of people on there who miiiiight not consider direct financial profitability to be the point of their investment.

[–] Wispy2891@lemmy.world 21 points 2 months ago (1 children)

Top shareholders of Twitter include:

  1. Elon Musk (owns 78.7% of the company)
  2. Saudi prince Alwaleed bin Talal (5.7%)
  3. Oracle’s founder Larry Ellison (3.0%)

WTF they really need to relocate the evil lair in a volcano

[–] gravitas_deficiency@sh.itjust.works 3 points 2 months ago (1 children)

There’s also a bunch of Russian connections too

[–] vaultdweller013@sh.itjust.works 1 points 2 months ago

Musk himself is a Russian connection, remember he is friendly with Putin.

[–] overload@sopuli.xyz 3 points 2 months ago* (last edited 2 months ago)

That's true, but I'd imagine running a site like twitter actively costs money. If advertisers aren't paying, who is? Do they go to their investors and ask for money? For how long could Elon personally afford to run Twitter with all of its development costs?