Fidelity cuts value of X stake, implying 72% drop since Musk paid $44 billion.
  • originalucifer@moist.catsweat.com
    0·
    10 months ago

    he fucked himself into being forced to buy twitter with his big fucking mouth.

    only then did he go shopping for who would want to help pay for this mistake… hmmm geee who would want to topple a bastion of liberal communication… in walks the saudis with more money than they know what do with.

  • LWD@lemm.eeEnglish
    0·
    10 months ago

    And people say Elon Musk hasn’t done anything good.

  • Monomate@lemm.eeEnglish
    0·
    10 months ago

    If the company’s private, which means its stocks are not tradeable anymore, what’s the point in measuring the company value at this point?

  • theodewere@kbin.social
    0·
    10 months ago

    seems like every decision has been carefully designed to do the most damage possible to the brand, while still being mostly legal… although using twitter to troll legal systems worldwide also seems intentional…

    • BearOfaTime@lemm.eeEnglish
      0·
      10 months ago

      Seems like many commenting here can’t see this.

      It’s always seemed to me his intent was to diminish the influence of Twitter.

      He seemed rather transparent about it.

  • Akasazh@feddit.nlEnglish
    0·
    10 months ago

    It’s infuriating to see how little consequence fuck ups like this have for his personal net worth. If normal people would fuck up this badly they would be bankrupt.

    But somehow if you’re super rich or doesn’t matter at all how much you screw up.

  • zingo@lemmy.caEnglish
    0·
    10 months ago

    Social media as it’s worse.

    Facebook, Instagram, X and WhatsApp, all toxic waste.

    At least there are platforms like Lemmy, where people (most of the time) share knowledge in an “anonymous” environment, which is actually brilliant for passing on information to the next man, without the toxication and promotion of suicidal tendencies.

    Social media in the common sence always was a cancer in our modern society.

  • AllonzeeLV@lemmy.worldEnglish
    0·
    10 months ago

    Look at the sheer scale and number of massive, malicious mistakes that one of our billionaires makes, while having ZERO impact on their tangible quality of life or lifestyle. None. Their ego score goes down and nothing else changes. The people they laid off suffer, never them.

    Remember that when some pro-market capitalism class traitor nitwit inevitably tries to shame struggling people for daring to get a latte, eat Avacado toast, or get an education based on learning and growing as a person rather than solely insatiable greed.

    People in the little club basically have to rape dozens of people to finally be permitted to fail, like Harvey Weinstein.

    You aren’t poor because of “your bad decisions,” you’re poor because of a relatively small, insatiably greedy, powerful group of people that demand and expect almost all of the capital value your effort produces to go directly to them.