According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion

Cheer up Elon - it wasn't worth $44B when you bought it, so it's lost significantly less value than you think!

It astounds and amazes me that there was a time Elon could have feasibly been considered a smart, level-headed entrepreneur. The whole submarine thing with the trapped kids really was the beginning of his unraveling. I for one thank Elon Musk for proving once and for all to even the most shameless corpo-apologists that having a ton of money doesn't magically make you smart or cool. The dude's an idiot, and I love watching him self-destruct.

He overpaid for a piece of shit and ran it into the ground.

Everyone with a used BMW knows the feeling.

South African Magician Makes $40B Disappear!

Can this man baby just go away? No one cares dude. Enjoy your overpriced echo chamber.

When no-one was looking, Elon Musk lost forty billion. He lost 40 billion. That's as many as four tens billions. And that's terrible.

I could be remembering wrong but Twitter was only worth $15B at best, and Elon bought it for $44B because he's that smart.

Didn't Elon have the opportunity to end world hunger for 8 billion dollars a couple years ago?

For that to be true, it would have needed to be worth $44B in the first place, which it absolutely was not. But there is no doubt that his mismanagement has tanked the value of the investment. He's a narcissist so never see it that way, but the whole rest of the world knows that.

Imagine having so much wealth that he can walk away from his utter failure at Xitter and remain completely unaffected. For him, this is like some side-hustle vanity project a bored trophy wife runs.

Can this fuck buy russia and fox “news”?

let that sink in.

When you have a net worth measured in the billions of dollars, it's genuinely impressive to be able to lose money. With that kind of sum behind your name, you could just do nothing and out-earn most people on the planet with just interest alone. To actually be able to lose money? Now that takes work!

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No tears shed here. The people who built Twitter got a nice payout when they absolutely robbed Elon Musk in that deal. Anyone who chose to stay on the Elon train after his first weeks at the helm gets no sympathy from me.

I wouldn't normally trust his math but he might have gotten this one right

And he's blaming the anti defamation league...

This is the 4-D chess at play actually - now that it's been delisted, there can't be any securities class action against him. taps forehead

I really hope the original owners re-buy Twitter for a fraction of what they sold it for lol

Listen all y’all it’s a SABOTAGE

Nobody ever said you had to be smart to be a billionaire... or a good person.

He's just that good at business. Truly an unstoppable force in the world of commerce. Capitalism really is the best system. No problems.

I'm sure Putin and the Saudis comped him accordingly

This serves him somehow, not sure how but he's used social media and PR to make money through market manipulation before.

I doubt his mental math is accurate on the value loss anyways.

According to real math, Elon always overestimates the value.

That’s still way more than that shithole is actually worth though.

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X'ed the bird... Use biometrics and share it.. What can go wrong

OK here's some simple calculations.

Twitter was worth around $22 billion, when Elon bought it at $44 billion, but to help pay for it, half of that is borrowed by Twitter to pay for itself! Yes you can do that.😋

So now the company is worth about $22 bil less, because it has new debt.

In my book 22-22 = 0 = zero = nul = naught = zip

On top of that, the original value has declined dramatically, with about 60% decline in revenue that we know of. So the internal value is actually way below 0, but a limited company cannot be worth less than 0, so it remains 0.

The company is insolvent, which means it's basically bankrupt, except it's not declared yet. The only possible slight value it may have left, is for tax deductions on the losses.

could this fuck fail upwards anymore? say he does 'lose' by selling it for 4 billion. that still leaves him incomprehensibly rich compared to 99% of us.

Unlike others, I saw at least $20B of potential in Twitter. Advertisement and media alignment was basically Twitter's P0, and why they had a bloated staff that managed corporate sales and media accounts. TV execs around the world wanted a slice of Twitter's analytics to measure what people interacted with, and we're willing to pay for it. It wasn't $44B worth, but they had a "solved" solution for scalable social networks, and whoever could scale enough to be irresistible to advertisers would have come close to justifying that valuation over time.

Knowing a few people that worked there, it justified it's reputation a bit before Musk came in. The tech side was fairly limited compared to the sales/accounts side, and there were a lot of people doing very little outside of making sure that an advertiser was happy. A smart CEO would have scaled that side of the business without scaling sales staff, but Musk did the exact opposite - and utterly gutted the thing that made any money, and made it about himself...

He's obviously a fucking idiot, but I consider Twitter to be a vanity project above anything else. He leveraged his debt against the company, ran it to be barebones, and now it'll just "exist" until he can sell it when he's bored.

As a software engineer, the one company I really wanted to work for was Twitter. It's sad to see it killed, but they also kinda deserved it too. At least they got a payout!

Social platforms are only worth what they are on paper. Elon is pushing ads and premiums more and more, but it's 100% not enough to run a service like that. How much longer can this go on?

On one hand, I can’t wait for his empire to crumble and on another hand, I don’t want to see this many Elon/X/Tesla links about something so seemingly useless.

I swear this is playing out like Brewster's Millions more and more each day

I mean, it was never worth what he paid for it. But, he's definitely devalued it by a lot.

That is 4 billion $ too much

At this point I'm starting to think he wanted to topple Twitter. Nobody is this careless.

What company?

I have a dumb conspiracy that Elon wants to be US president like any Lex Luthor like person, but since he can't he is ruining things extreme republicans hate. Then he can gain favor and make his way up as high as he can to reach religious cult status Like some megalomaniac. 😆

What's weird is if you look at users on places like Newsmax and Oann or other extremist forums they seem to happy seeing Tesla and Twitter going down but don't mock Elon for it

Now they're researching a time machine to try to create a conundrum where Musk simultaneously buys Twitter, runs it to the ground, but then in the past re-buys it from himself after he runs it to the ground.

He 10X'd Twitter!

HODL lol

It's a rather sad state of affairs. I have 2 accounts, one for professional network and SFW interests, plus another for porn. The professional network and SFW interests has become an absolute bonfire. I find myself using it less and less. I used to check every day, now I barely check once a week.

TL:DR Twitter is only useful for porn these days, and even that isn't fantastic.

Big W for the ADL, ratio'ing Musk harder then anyone else ever could

I don’t think that Elron can really do math, so who knows.

Does Elon Musk really believe that X is now worth $4 billion, as his scorching post suggests? Maybe not.

Well, maybe I just read another article wildly blowing up a story based on a tweet Elon Musk spent 4 seconds thinking about.

Elon has screwed up the site.

Three fiddy

What a clown

🎻

Wasn't twitter worth way, way less than musk paid for the company's acquisition (like 2x or more)? If so, the 4 billion evaluation is still probably much higher than what most people were anticipating the company would be worth under musk in 1-2 years after acquisition. Great job elon, exceeding expectations yet again.

Good. Fuck ElMu. ElMu sucks.

Could be? Those are rookie numbers!!! Dear Leader has almost bankrupted Truth Social already!!! You gotta get them even lower!!!!

So saying it wasn't worth the investment ?

And he's... proud of this?

And now that it's more like a shitty and smaller version of reddit (i don't see real people posting there anymore), i don't see how it can recover.

hes very close to his goal of $0.00..

infrastructure... check
userbase... check
branding... check

whats left? fanboidom?

For now, but not for long. He’s too much of a business genius to lose out long term

From Yahoo, definitely we should take the former search engine as a reputable news source. X (Twitter) has lost money because he is enforcing free speech which the main stream doesn't like so obviously advertisers who are scared pull from it. It's so obvious when it was Twitter and you had whatever leftist pouring propaganda it's all ok but the second that a different opinion gets put on there then it's garbage. This is America words are words and we should be able to have conversations.