this post was submitted on 02 Jan 2024
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Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value (arstechnica.com)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 78 points 10 months ago (2 children)

These numbers are relatively easy to explain. Elon Musk is a fucking idiot.

[–] [email protected] 23 points 10 months ago (1 children)

I'm not a finance guy but I agree with this statement.

[–] [email protected] 2 points 10 months ago

So ordered.

whap

[–] [email protected] 7 points 10 months ago (1 children)

I'm waiting for him to get kicked out of Tesla if they still have a board, haha. His acts of removing things like Disney + and such do to political arguments is a direct impact on purchases. I don't think streaming in the front seats should be, but investors should easily know that limiting buyers will devalue the company over time.

[–] [email protected] 1 points 10 months ago

And ZA is waiting for Elon Musk's return. EFF and ANC Youths gonna pelt him with protests.