“Fidelity is currently valuing X at about $9.4 billion”

I found this funny.

    • @[email protected]
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      69 months ago

      He is a net loss for humanity is the currency is moralistic.

      We be deep in the red between Trump, Bezos, this clown and many other “captains of industry”.

  • kamen
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    49 months ago

    I don’t have the whole context so I might be missing some things, but the whole thing looks to me like “look at how much money I have to burn and how much I don’t care”.

    • @[email protected]
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      129 months ago

      He didn’t even want to buy Twitter, just manipulate the stock price by talking about buying it. Dumbass signed too much paperwork and waived too many rights, though, and found himself obligated to buy it anyway. Pretty sure he tried to fight it and lost.

      So now he’s trying to not burn all his money, but he’s fucking terrible at it, so he’s just becoming a laughing stock.

      • @[email protected]
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        19 months ago

        Exactly this. He made an offer publicly, which was accepted and legally binding. He overpaid substantially and proceeded to run the company into the ground.

  • @[email protected]
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    419 months ago

    If they influence the election to their desired outcome, then the value won’t matter. The damage will have been done.

  • 𝕽𝖚𝖆𝖎𝖉𝖍𝖗𝖎𝖌𝖍
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    159 months ago

    I wish, I wish… I wish I was a fish.

    I wish there was an instrument other than the stock market whereby private individuals could combine their funds to perform hostile take-overs, and then manage them by pre-agreed conditions.

    Like: we’re going to buy Twitter, build an AP interface on it, federate it, and operate it like a non-profit. We’re going to have a set of these S core values, with yearly votes on changes proportional to investment. No single investor can own more than T percent of shares Investors can sell their shares, or buy shares. Stock will never spilt. Management salaries, combined, can never exceed more than M% of non-management combined salaries, and run it as a Holocracy. Or, maybe, shares can only be sold to employees, who have to sell to other employees when they leave.

    You know; try to design a good operating model that avoids the pitfalls of other companies, and can adapt when the model demonstrates perverse incentives. Put more thought into it than my ramblings above.

    But ten billion dollars is a lot of money to put together, and the rules I’d like to see necessarily exclude the sort of profit-only driven capitalists who’d be able to contribute heavy loads, and would limit the amount that could contribute.

    I may as well wish I were a fish.

    • @[email protected]
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      29 months ago

      Good news. Paraphyletic groups are bullshit that shouldn’t exist and if we get rid of them, then you actually are a fish.

  • Phoenixz
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    289 months ago

    Musk is and always has been an incompetent yet lucky scammer.

    Twitter will be bankrupt within two years.

    • Marud
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      29 months ago

      !Remindme 2 Years

      Ho wait it’s not working here

  • babybus
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    209 months ago

    Something tells me its value is not monetary for Musk.

    • @[email protected]OP
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      429 months ago

      The funny part was when he said he was a free speech absolutist, but then he started restricting the free speech of people he doesn’t like