$4B seems also a tad too high.
Best I can do is tree fiddy.
I knew it was you, lochness monsta!
There are network cables, servers, laptops from all those employees who were
fuckedlaid off.A macbook pro is less than 10000 dollars.
But lets assume it was 10000 dollars.
Thats 400.000 laptops…
All of them probably iCloud-locked and worth nothing
They’re great fancy doorstops.
Here is an alternative Piped link(s): https://piped.video/watch?v=lh7ix0QilHc
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I’m open-source, check me out at GitHub.
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.
For real, Elon gave the platform to Incels, Nazi, and White Supremists. The left woke agenda can’t handle the bigotry, hate, and racism. Weak ass advertisers don’t want their brands associated with the alt right. What is wrong with them? /S
It’s Fortune magazine. Yahoo aggregates news from other sources.
It’s a Fortune piece that Yahoo regurgitated. That’s all I see Yahoo doing these days
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.
Or he’s just a narcissist that can’t run a company if he’s not held on a leash by people who actually know what they’re doing.
He got high on his own supply. The man created quite the aura by leveraging his less-than-glorious Paypal past, his taking over of Tesla and actually doing some interesting things with SpaceX. His companies achieved some genuinely impressive feats which he gladly attributed to himself and probably confined himself to his perceived genius and infallibility.
Hopefully, Twitter will be a teaching moment for him but so far he seems to just double down on his mistakes.
I doubt that’s true, or he wouldnt have managed to take Tesla from a prototype and a few million dollars to billions, and then again with a rocketship contractor from scratch.
It’s possible for people to be evil/immoral and also good at what they do, I don’t get what the obsession with painting him as a dip shit who managed to accidentally make multiple successful global enterprises.
If it was really that easy to fail upward when managing these businesses you’d see a lot more of them.
He’s held on a leash alright.
It serves him and his far right cabal politically. The money is not really a consideration in this case. They’re gearing up to reinstall Trump in the next election.
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
The Saudi loaners will be satisfied. The banks might not.
This is dee-dee-dee chess, I think.
I don’t think that Elron can really do math, so who knows.
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.
Can this man baby just go away? No one cares dude. Enjoy your overpriced echo chamber.
Him buying twitter was just some sort of narcissistic flex on his daughter.
I don’t think he ever intended to buy it. He was forced to buy it due to his own stupid actions.
Worse. Killing a main means of communication across the world where people can group up to fight our corrupt govts, PTBs and ultra rich, is much worse. I honestly feel it’s that. What’s 44b to quell the spreading of the revolution that will bring him and his ilk down? Nothing in comparison. And it was all set up for him by his army of RWNJs. If it weren’t so horrid it would’ve been a beautiful thing.
😬
Put another rich guy in charge of spacex first please! I don’t want to be stuck on this rock forever 🥲
luckily, he has minimal influence over SpaceX, and only really provide high level direction. Same with Tesla.
Twitter, though… the turnaround time on his whims is staggering
Considering the fuckupery at Tesla (especially as of late), this may not entirely be true. It seems that he has slightly more influence at Tesla than he does at SpaceX, which has been doing a pretty great job.
Glenn Shotwell runs SpaceX and is a competent adult. Nothing to worry about on that front, thankfully.
Ah ok i thought it was musk boy. Tbh I don’t look too much into who the ceo of a company is. Mostly just what they do which i why i love spacex. I take it all my downvotes are the musk haters lol. I’m neutral on that whole thing with him. Can’t say anything about the whole twitter situation as i have never used it.
I don’t want to be stuck on this rock forever
I have some sad news…
- you’re stuck on this rock forever
- anyone alive today who sets foot on mars will likely regret it before they die
- robots will conduct all worth while exploration and discovery this millennium
This guy must be from the future. Oh wise one tell us all your secrets.
Ever heard of having some hope my guy? Hate to break it to you but I hope humanity leaves this rock and isn’t stuck here forever. If humanity stays on this planet forever we will 100% go extinct either by war, virus, or the most obvious asteroid impacts or the guaranteed one the sun expanding over a few billion years. If we want to live till the end of time and space itself we HAVE to leave.
The tech we will rely on for interplanetary travel is pretty much settled science, it just takes time and money to implement.
Hoping for unexpected breakthroughs isn’t going to help much.
South African Magician Makes $40B Disappear!
Nah, he just donated 40B to the former ownership. Keeping the big bucks in the hands of the ultra wealthy.
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!
Since Elon is just flushing money down the toilet do you think he might do me a solid and slice me off like 50k? Brah, that’s like if I dropped a penny on you from my last paycheck, right? I ain’t even getting greedy.
Like he could do that for 800,000 people and it would just be buying twitter, right?
With $40 billion you could give a random person $1 million today. Then give another person $1 million the next day. And so on, for 100 years.
And you’d still have a private jet, a bunch of mansions, a fleet of luxury cars, and a bunch of yachts.
It’s completely bizarre that a billionaire that’s so desperate to be popular doesn’t just give money to people. They don’t want to give up the power that wealth gives them and so try to trick people into liking them.
I’m assuming he could still be accruing wealth if he did that.
Assuming he made at least 5% or so per year on investment income, that would be 2 billion, and if you assume a 20% tax rate on that, it would be 1.6 billion, still more than 365 million it would take to give away one million every day.
And so if he could live on less than ~1.2 billion per year, he’d still be gaining wealth…
Cheer up Elon - it wasn’t worth $44B when you bought it, so it’s lost significantly less value than you think!
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.
Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.
replyWell, it is, if you’re a Nazi.
Same person
Exactly.
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.
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.
Xitter
Is that pronounced “shitter”? Very appropriate.
That’s the best pronunciation, IMHO.
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.
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.
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.
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.
Yea it’s this. If he was smart he wouldn’t make himself look like a total idiot every week.
Both things can be true
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.
I swear this is playing out like Brewster’s Millions more and more each day
Except Brewster was a decent guy.
And he’s blaming the anti defamation league…
Nothing says definitely not a racist Nazi like blaming the Jews for your failings. Nazis would never blame the Jews for everything.
Imagine being so conceited that you think you’ll walk away from defaming the ADL.
He’s defaming the anti-defamation league. Ooh, what delicious irony!
Calling the ADL Nazis is probably the funniest thing he’s ever said
deleted by creator
I mean, it was never worth what he paid for it. But, he’s definitely devalued it by a lot.
It was also on a severe downward trend for about a year prior to him buying it.
Big W for the ADL, ratio’ing Musk harder then anyone else ever could
And he’s… proud of this?
I don’t think Musk is capable of not being proud of himself.
