• nomous@lemmy.world
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      1 month ago

      Not to mention Twitters (and social media in generals) massive usage for organizing and communicating during the Arab Spring all across the region in 2010.

      It’s very clear what they’re doing, they do it openly, they’re the enemy. They have nothing but contempt for free people they think are their lessers, they want to burn the world for their own worthless gain. So they can own a bigger country or pretend they have The Right Stuff while their pec implants and hairplugs heal.

      Our world is being burned by little kids that never grew up, they need therapy not another billion.

    • UnderpantsWeevil@lemmy.world
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      1 month ago

      the Saudis, put Musk up to buying Twitter to kill it

      I think the Twitter investors put Musk up to buying Twitter because it was massively overvalued and they wanted that shit stain off their books. The Saudis thought they were going to get a pipeline directly into the American psyche with which to hype their various fascist passion projects.

      wrote the entire amount of as public relations expense

      The cool thing about being a Saudi prince is that you’ve got several trillion dollars to fuck around with before you find out.

  • Wilzax@lemmy.world
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    1 month ago

    Jack Dorsey sure kept a lot of stake in his company after handing the reigns over to people who would never understand how to run it

    • ElCanut@jlai.lu
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      1 month ago

      TBH he even started a concurrent of it, so he probably expected Twitter to lose value

      • UnderpantsWeevil@lemmy.world
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        1 month ago

        He created BlueSky as a side project because he knew he could off-load it at an obscene markup onto another group of sucker investors, kind of like how he did with Twitter. But Twitter was the system with all the end-users. That system should have been free to just print money indefinitely without any effort by the buyer.

        Oops.

  • pixeltree@lemmy.blahaj.zone
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    1 month ago

    Oracle:

    One

    Rich

    Asshole

    Called

    Larry

    Ellison

    Fucker sent out an email to literally every employee bragging about buying his Hawaiian island when he did it.

  • Diplomjodler@lemmy.world
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    1 month ago

    The people in question will hardly even notice. But turning one of the most prominent social media sites in the world into a far right propaganda spout will make it well worth to them.

    • Ilovethebomb@lemm.ee
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      1 month ago

      As r/wallstreetbets will tell you, it’s only a loss once you sell, so just hold onto the stock forever and it doesn’t count.

      All jokes aside, the platform formerly known as Twitter’s revenue has collapsed recently, so these investors won’t be seeing anywhere near the return on their investment that they should be seeing. This will sting.

    • Tartas1995@discuss.tchncs.de
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      1 month ago

      To the people owning Twitter stocks. So a lot of rich dickheads but also to some non rich dickheads and actually good people.

      • Wispy2891@lemmy.world
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        1 month ago

        Twitter stocks are no longer traded and all the past investors have been paid the meme price or $54.69 or something like that. They all won the lottery as that was an extremely overvalued price

        Unfortunately, the “lost” money is an hypothetical calculation using the current Xitter value and the massive debt that the rat did to purchase Twitter. It’s something like wondering “how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?”

        • Tartas1995@discuss.tchncs.de
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          1 month ago

          I am aware. That is how stocks work. The billions “lost” got paid to previous owners of the stock.

          I used “owning” instead of “owned”, sorry, I guess.

          • Wispy2891@lemmy.world
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            1 month ago

            On the upside, if we think better, the answer to the question “how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?” is $0 as there would be nobody so insane to buy them.

            So that number is the money that he lost for now, if he would be able to sell

        • Tartas1995@discuss.tchncs.de
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          1 month ago

          A Twitter stock was $34 in early 2022 and got bought by musk for $53.70 in late 2022.

          You could have made $20 with a $34 investment. There were certainly some good people who invested maybe $340 and made $200.

          • UnderpantsWeevil@lemmy.world
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            1 month ago

            There were certainly some good people who invested maybe $340

            Ah, you’re talking about gamblers who threw a few bucks on the ponies. Sure. Plenty of them were probably fine.

            But talk to me about someone who made more than six figures off Twitter stock price arbitrage.

            • Tartas1995@discuss.tchncs.de
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              1 month ago

              When did I or anyone talked about more than 6 figures? We talked about who got the money and in my comment, I made clear that “a lot of it” went to dickheads. so I thought it was obvious that i wasn’t talking about “6 figures”.

              And also musk was legally required to buy the stocks… It was hardly a gamble. At least not a pony. It would have been a reasonable expectation that people will drive up the price because Elon (that genius) talked himself in a prison sentence if he didn’t buy it for that price, like a genius would do.

            • el_abuelo@programming.dev
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              1 month ago

              What on earth makes you think anyone here has any details on people making “six figures”?

              That is a paltry sum that the mob give zero shits about.

              To some, it seems like an incredible amount of money. To others it is several orders of magnitude too low to even consider.

              Don’t worry about the people making 6 figures. Worry about the people making 9.

  • ZombiFrancis@sh.itjust.works
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    1 month ago

    Saudi wasn’t investing billions in a social media platform.

    Saudi was spending billions to have a social media platform killed.

  • gencha@lemm.ee
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    1 month ago

    You can say a lot of bad things about Mush, but he’s not a cheap whore

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      1 month ago

      I mean he is.

      No matter how you cut it he lost money and it’s still losing money as market share reduces and so does ad revenue.

  • slazer2au@lemmy.world
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    1 month ago

    Meh, those people will write it down and use it to offset any other taxes they need to pay.

        • el_abuelo@programming.dev
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          1 month ago

          Saudi nationals don’t pay tax. The oil sustains their economy.

          Think about that for a second. Your entire population doesn’t need to pay tax because you make so much money from oil. Imagine the lengths they would go to in order to protect that. And the atrocities their people would overlook.