this post was submitted on 07 Oct 2024
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Political Memes

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[–] [email protected] 45 points 2 months ago* (last edited 2 months ago) (7 children)

I missed the boat on jumping guy - it's musk? What's the back story?

E:

Nvm: https://www.rollingstone.com/politics/politics-news/memes-elon-musk-jump-trump-rally-1235127309/

As you can see, I’m not just MAGA — I’m dark MAGA,” Musk told the rally crowd.

Dark Brandon

[–] [email protected] 22 points 2 months ago (5 children)

I love the way rollingstone refers to X/Twitter:

X (formerly Twitter), the social media site Musk purchased for $44 billion in 2022. Recently, Musk shared that the company is now valued at just $19 billion, a $25 billion decline.

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

How does musk calculate that value?

[–] [email protected] 3 points 2 months ago* (last edited 2 months ago)

I think that’s what Fidelity values it. Fidelity is one of the investors from whom Musk got the money to buy Twitter. They stated their investment lost 80% of its value.

Edit: Correction, Fidelity valuation of their shares implies a X/Twitter valuation closer to $9 billion.

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