A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.

Let’s recap what he did to Twitter, I will go first:

  • Changed the original name Twitter to X.
    • yata@sh.itjust.works
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      1 year ago

      A lot of journalists, politicians and influencers are really reluctant to let it go. I guess those are the ones still keeping it somewhat afloat.

      It should be more publicly shamed if you keep being a part of his insanity.

    • Carighan Maconar@lemmy.world
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      1 year ago

      Yep. I mean in the end it has no product. It’s just billboard/ad space, in the world of commerce. Sure, it’s a lot of ad space, but ad space in the digital world is also effectively endless, so the percentage still isn’t actually that relevant as it can shift in a moment’s notice.

      Say… if a neonazi buys the platform and brings all his friends with him.

      But beyond an office he’s not even paying for and so on, Xitter got… nothing. They have no actual product that can be liquidated, no supply chains worth any money, nothing to rent/sell out beyond said adspace. Like many digital companies they rely entirely on hype for all their perceived value.

    • donuts@kbin.social
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      1 year ago

      Honestly it’s probably not… Estimates aside, who would even want to buy Twitter in its current incarnation?