this post was submitted on 30 Sep 2024
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Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)
submitted 1 month ago by GeneralInterest@lemmy.world to c/technology@lemmy.world
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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] simple@lemm.ee 19 points 1 month ago (1 children)

Yeah a lot of people miss the fact that the play for Twitter was never about money, but control. Owning one of the most popular social medias makes it easy to spread propaganda and amplify your voice.

[–] Womble@lemmy.world 3 points 1 month ago* (last edited 1 month ago) (1 children)

Lots of people spout this conspiracy theory, but Ive yet to hear a good reason why he had to be sued into making the purchase (after making price manipulating statements) if it was some sinister plan.

Far more likely he's just a fuck up.

[–] vaultdweller013@sh.itjust.works -1 points 1 month ago

Fucked up then adapted musk is a welpling but like every rich WASP be it from England or its colonies he is weirdly adaptable. Which is why the most effective method of WASP removal is via flamethrower.