One year after being bought for $44 billion, X is worth $19 billion

Still seems way overpriced. Doesn't even have name recognition anymore.

I don't get that platform. I just signed up for mastodon and am not sure I'm feeling that either.

I feel like these Twitter-style sites are just ...like... Keyboard warriors. It's just smug post after smug post.

It honestly creeps me out. Like I see all these popular political posts by profile icons I recognize.... But every post is just whinging...

Who are these people and why do they get popularity and even mentioned on the news as truth when their posts have no sources and are just bullshit political emotion. Then you read a news article that "Twitter is cancelling....". All because there was one post about with someone acting like a dick.

To put this in perspective, they lost an average of $2B per month in value. According to HUD, there were about 582,000 homeless people in the US last year. $2B per month is enough to house all of them nearly 4 times over if you assume $1k per month in housing expenses.

What a monumental waste of resources that could have made a difference. Musk just sucks

If only more people would move to Mastodon it could drop another 50% in value!

Lol it's not worth anything near that much

WORTH 19 BILLION TO WHO??

Makes sense.

Almost immediately after buying it, Elon enshittified the site - and not only that, but changed it's branding from one of the most recognisable names/logos in the world to a fucking "X" (almost always suffixed with "formerly Twitter" so people actually remember what the fuck it is)

I was expecting much less than that. o_O

I mean that’s based on what Elon said, so that’s vastly over estimated.

…Yaccarino said that revenues grew in the high-single digit percentage…

She should start her own line of perfume. Desperation, by Linda Yaccarino.

Is it, though?

Its a digital message board on some overpriced servers.

Its funny how this headline keeps coming up every couple of weeks with a smaller number each time.

I dont know how they generate these evaluations, and honestly I dont even trust they are accurate. Or care, my life is fully uneffected by the success or failure of that site.

But it is always funny to read the new nearly identical headline with the number shifted down by 1-4 billion from last time.

$19 billion is still a lot. Boys, lets try to bring it down to $19 million

This guy has the attention span of a circus flea, doesn't he?

I'm high af and buying Twitter. Hate speech is lol because I feel unloved. Advertisers you go now, you damned J's. We don't need qualified staff for 2.0 I know how to paste code. Ok now we're gonna make hella $ with "verified". Shit. Ok I gotta unplug some servers and refactor. I know PHP. A child looked me in the eyes but he couldn't see into me like I know the others do. Now we're X for some reason. Now we're revenue sharing. I like to lie. Now we're subscriptions, babby. No we're gonna facilitate financial transactions in a challenge to the banking sector now cuz they got my nuts in a fukkin' vice here Linda!

Transforming Twitter into an 'everything' app is a terrible idea. Why? Take WeChat, for example. Initially a messaging app, it now incorporates a multitude of services including short video clips similar to YouTube, Twitter-like posts (for friends only), a wallet linked to a bank card, and more. One of my Chinese friends said, 'You won't find anyone in China who doesn't use WeChat because it has everything we need!' It seems that users are quite satisfied with the services WeChat provides.

However, they may be overlooking the drawbacks of such centralized applications:

• Privacy issues: Identity verification is required; without it, most features are inaccessible.
• Censorship: I suspect that all communications are stored on a central server, with algorithms designed to detect sensitive content or keywords related to politics, NSFW material, etc. Since it's linked to your identity, you could easily end up on a blacklist.
• Account suspension: The developer has the power to suspend accounts at any time due to the centralized nature of the system.
• Security risks: If someone gains access to your phone or passcode, they could access your money, your contacts' information, and your personal details, since it's an 'everything' app.
• Manipulation: Show those news that the country or the company want us to, hide those that are not helpful to them.

These issues and risks are inherent in centralized platforms and social media but consolidating them into an 'everything' app only amplifies the risks. My friend mentioned that WeChat hasn't introduced a subscription fee yet, but Twitter and other services have.

I mean, an 'everything' app might be feasible in a restricted country like China, in the United States? Hell not! But, Big Tech and governments have the monopolistic power to make these things happen, so we have to find alternatives. The sooner we migrate, the sooner we can reduce the risks that I mentioned above.

The digital world is incredible, but also dangerous. It's best that we start protecting our own privacy rights, our right to speak freely, and our right to control our own minds and discern the truth.

I'm so tired of Musk...Can we please shoot him into the immense vacuum of space aboard one of his precious Teslas?

Elon Musk was born on third base but tells everyone he hit a triple.

Seems like the buyer was very dumb

Who gives shit? Let it sink. Let it be forgotten. Stop giving it attention.

https://elonmuskisaturd.com/

it's only worth what someone is willing to pay for it

Personally I am going to miss the random problematic tweets by famous people that they later blame on medication.

It's called "eloning"

Lol. What a dumbass.

Higher than I expected.

I thought elon was supposed to be smart

That's what X is valuing itself at, not what it's worth. We'll get a better sense of what it's worth when it goes back on the market or goes bankrupt, whichever happens first. Right now I have a hard time imagining anyone would pay that much for it. For context Snapchat, which has had a lot more success with advertising lately, is worth about $16 billion.

Is this just part of the playbook for him to not have to pay taxes by saying he lost all his money??

what is the tech angle here?

i joined nothing and thus, missed nothing. frankly i hate elon but, him coming in just for the lulz and modern day jokering twitter just to watch the world burn was a little funny.

I am so happy for that🥰

Is that before or after you factor in the $13 billion debt it took on to buy itself on Musk's behalf?

If it keeps trajectory ill be able to afford the whole of twitter

A job creator at work. What an impressive sight.

Works hard to forward his companies like X which lost billions in value cos of his stupidity? Where's his Hyperloop? I wouldn't buy a Tesla if it were the only car in existence. I'm even tired of his name.

Does Musk have a short position we don’t know about?

sound investment

can't know how much is worth until is sold again

Shoulda shorted the fk outta it, lol.

When will it be worth zero? At a rate of $2 billion per month, 10 months??

It's been a year!? Jebus cripes I'm getting old

And Elon really thinks folks are gonna trust him with their money.

To whom? Is anyone willing to buy it?

LOL

All according to plan.

LOL

consider where the stock was trading at the year before he bought it. he got a discount, basically. a lot of people who had been holding shares lost money to the richest guy on earth. and then he threw the money away burning down Twitter.

More financial/business news in the technology community?

My left asshole is worth $20 billion.

Hadn't it already massively dropped in value before the purchase was finalized, and that's why he wanted to back out? How is everybody overlooking that?