That valuation is going to drop even more once Google Cloud and AWS turn off the servers; he hasn’t been paying the hosting bills.

It seems this is the „find out“ part of his plan.

The funny thing is, as a business, it was overvalued before the purchase and it’s overvalued right now.

The sad thing is that as a public utility it’s undervalued. But “market forces” place value in pretty stupid things (useless speculative assets) and not in essential ones (open source packages that hold the internet together)

That’s why I have high hopes for open source, standards based, interoperable, federated social media. The people need to have public places. People on the internet need to have public places. No private monopoly can be the owner of the “town square”

Of course it has. It was a pump and dump scheme and he got caught with his hand in the proverbial cookie jar. He’s a fucking idiot and has no clue about anything and only got where he is thanks to his dad. Fuck him.

I can’t imagine why. All his policies so far seem like they would be a hit with the general public.

Tell me when it is 69% so I can say nice.

Such a weird concept to think of when it comes to something like Twitter.

I don’t think twitters value was ever reflected in a share price. It’s value was always to move and away opinions, which is far more difficult to put a value on. I know there is plenty of whining happening on Twitter, but as far as I can tell, there hasn’t been a truly mass exodus. As long as users are using the platform it’s value remains unchanged.

The saudis didn’t buy it because they think Elon is reapply smart. they bought it because in some way they think it gives them the ability to leverage or move public opinion. As long as we give it out eyes, it stays valuable.

Gasp!

Anyways…

Rip bozo

Let that sink in.

Twitter was always boring….

Oof

Color me surprised!

wait, you’re telling me bringing the sink into work didn’t magically save the company? Noooooooo

So far…