Originally posted by Adam_PoE
Just like all of the Rightists who screamed about blue check marks, and then turned around and bought them at the first opportunity. They do not care about organic reach, they care about their speech being boosted and speech they do not like being suppressed. They are total hypocrites.
Remember their "IT"S THE NEW TOWN SQUARE! IT NEEDS TO BE FREE OF CENSORSHIP!" rants. I do.
I've used Twitter, never will. Musk owns it, let him do what he likes.
Just funny watching all the Musk fanboys who said he'd "fix all the wrongs with twitter", do flips now that's he's turning it into his own personal PR platform and rightwing echo chamber.
Originally posted by Robtardit's like I won't buy a tesla, I like everything about them but musk.
Remember their "IT"S THE NEW TOWN SQUARE! IT NEEDS TO BE FREE OF CENSORSHIP!" rants. I do.I've used Twitter, never will. Musk owns it, let him do what he likes.
Just funny watching all the Musk fanboys who said he'd "fix all the wrongs with twitter", do flips now that's he's turning it into his own personal PR platform and rightwing echo chamber.
Twitter Now Worth 1/3 What Musk Paid
Originally posted by Adam_PoE
The managing director of his personal finances, Jared Birchall, reached out to potential investors this week. For context, much of his fortune is wrapped up in Tesla shares. His antics are not only causing Twitter to implode, but they have caused Tesla stock to plummet 55% and counting. So not only is he hemorrhaging money, but he has had to sell shares four times this year to keep up with debt payments. And as the value of the shares continues to dwindle, the more of them he has to sell to have the same buying power. But unloading all of these shares further drives down their value, so it is a vicious cycle that is going to end in financial ruin for all of the other shareholders. Hence, why he is seeking private equity investors to replace the lost revenue for Twitter, in a desperate attempt to stop the bleeding. He is just trying to rob potential Twitter investors to pay the banks who loaned him the money to buy Twitter so he does not lose all of his fortune bankrupting Tesla.
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.
Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity. More recently, he said Twitter is worth less than half what he paid for it.
Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.
Originally posted by Adam_PoE
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.Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity. More recently, he said Twitter is worth less than half what he paid for it.
Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.
Originally posted by Robtardlove it! 😂
Originally posted by Robtard
Seems Musk took my advice from 2022 and has hired a CEO to lead Twitter. a Linda Yaccarino.Best thing Musk can do is to have absolutely nothing to do with Twitter's operation, if he actually wants to make a profit off it some day in the far future.
Yaccarino was appointed to be pushed off the glass cliff.
Women and other underrepresented groups are often hired for leadership roles when a company is in crisis, so they can be blamed for their predecessors' failures.
She will not be able to right the ship, because Musk remains Executive Chairman and Chief Technology Officer, and has already refused to commit to any of her suggestions that would bring back advertisers.
Originally posted by Adam_PoE
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.Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity. More recently, he said Twitter is worth less than half what he paid for it.
Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.
Because Twitter lied about their activity, much of it are bots.
Elon never was in it for the profit, he was in it to support free speech. Unfortunately the EU has made unreasonable demands, as the authoritarian facist Europeans do.