this post was submitted on 30 Sep 2024
1118 points (97.1% liked)

Technology

58682 readers
4223 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 141 points 2 weeks ago (7 children)

Musk did not buy this as an investment. He bought it to flip elections and manipulate public opinion.

Tesla is writing him a check that will cover the entire purchase price, and Saudi Arabia and Russia will pay the operating costs.

Active users are what matters; if they lost 75% of their users then I'm paying attention.

[–] [email protected] 53 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Correct me if I'm wrong but I'm pretty sure he gave an outlandish bid for Twitter to manipulate it's stock prices when he pulled put, but he was sued into following through.

I don't think he ever wanted to buy it, or at least he wanted to crash it's value to come back and buy it on the cheap.

[–] [email protected] -4 points 2 weeks ago (2 children)

Given his unlimited resources, and the world's worst people on speed dial, do you not think that the powers that be could have orchestrated that?

[–] [email protected] 19 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

If he was that competent why would he resort to openly pumping and dumping meme coins in public just prior to this stunt.

He has some dangerous strings he can pull, but that doesn't make him a good puppet master.

[–] [email protected] 4 points 2 weeks ago

Broken clock and all that

[–] [email protected] 5 points 2 weeks ago* (last edited 2 weeks ago)

then why not buy it normally like a human from earth and instead involve this lawsuit to make himself look like an absolute moron

[–] [email protected] 27 points 2 weeks ago

Aren't 75% of the users Russian bots? Lol

[–] [email protected] 22 points 2 weeks ago

I think you're giving the guy too much credit. Sometimes things are as they seen. He just didn't like the moderation scheme on Twitter, made a gesture buying it, fumbled a little bit and overbid, then after having been forced to acquire it tried to turn it into something closer to what he wanted it to be.

[–] [email protected] 18 points 2 weeks ago (1 children)

I think it’s even pettier than that. He’s the loud guy on the forum who literally bought the site so he could be admin.

[–] [email protected] 9 points 2 weeks ago

Honestly, everyone needs to listen to the episode of Search Engine about Elon. It’s such a clear narrative of what happened between the Iron Man cameo and now. It’s pure hubris - someone who is very unlikable desperately hungry for love to the point where his brain bust a fuse.

[–] [email protected] 15 points 2 weeks ago

We'll never know since Musk is nurturing a state-funded "user"-base that will always keep their numbers inflated

[–] [email protected] 2 points 2 weeks ago

If he's trying to flip elections, he needs to at least pretend it's being operated in good faith.

[–] [email protected] 1 points 2 weeks ago

I agree 100%. Liberals retweeting how Elon is losing money is actually making him money