• Endorkend@kbin.social
      link
      fedilink
      arrow-up
      92
      ·
      1 year ago

      Most valuations by actual economists and the like was in the 20-25B range. So it still lost a 5x in value, which is only marginally worse than 10x.

      Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.

    • fubo@lemmy.world
      link
      fedilink
      English
      arrow-up
      61
      arrow-down
      8
      ·
      1 year ago

      The point of acquiring Twitter wasn’t to make money; it was to take away something that woke lefty journalists like and give it to fascists.

      • grte@lemmy.ca
        link
        fedilink
        English
        arrow-up
        105
        ·
        1 year ago

        Have you considered that Elon Musk is a dumbass rather than a super genius?

        The guy didn’t plan on buying twitter. He was made to after he tried gaming the system and fucked it up.

          • ThePenitentOne@discuss.online
            link
            fedilink
            English
            arrow-up
            2
            ·
            1 year ago

            Incredibly inflated ego and self-image combined with poor emotional maturity and self-control after a life of entitlement. He said it to piss people off and then came back to eat shit, but unfortunately is also so rich he can throw his money away and have it barely matter.

        • phillaholic@lemm.ee
          link
          fedilink
          English
          arrow-up
          17
          ·
          1 year ago

          Yea it’s this. If he was smart he wouldn’t make himself look like a total idiot every week.

        • fubo@lemmy.world
          link
          fedilink
          English
          arrow-up
          6
          arrow-down
          4
          ·
          edit-2
          1 year ago

          And? I seem to recall that he fantasized about doing it loudly enough and in enough detail, that he was legally obligated to follow through to avoid being charged with securities fraud. The reason he wanted to do it was to take a communications medium away from the liberals and give it to the Nazis.

          • grte@lemmy.ca
            link
            fedilink
            English
            arrow-up
            11
            arrow-down
            1
            ·
            edit-2
            1 year ago

            This is marvel-brained fantasy. The guy played games and ended up with a business he doesn’t understand and never should have been in charge of. He’s not a super-villain, he’s an ordinary villain, dumbass nepotism case.

      • Uncle_Bagel@midwest.social
        link
        fedilink
        English
        arrow-up
        7
        ·
        1 year ago

        Honestly, i think he wanted to oump and dump the stock and was flabbergasted when Twitter forced him to purchase it for the full price he states.

      • CharlesDarwin@lemmy.world
        link
        fedilink
        English
        arrow-up
        4
        arrow-down
        1
        ·
        1 year ago

        To see him explain it on Xitter or with a cartoon meme or whatever, he was in the “center”, and the radical left was so extreme that they brought the Overton window to the left and ruined his day, and were super mean to him, too, I guess. In other words, look at what you made him do, all normal Americans!

        Or something. I guess the super-mean liberals also stole his hair, too.