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1. Ars Technica (arstechnica@mastodon.social)'s status on Wednesday, 03-Jan-2024 05:42:20 JST Ars Technica

   Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value

   Fidelity cuts value of X stake, implying 72% drop since Musk paid $44 billion.

   https://arstechnica.com/tech-policy/2024/01/since-elon-musks-twitter-purchase-firm-reportedly-lost-72-of-its-value/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

   • Alex, just zis guy, you know? (alexmorse@mastodon.social)'s status on Wednesday, 03-Jan-2024 05:44:45 JST Alex, just zis guy, you know?

     in reply to

     @arstechnica grossly overvalued at 12 billion

   • Robert Taylor (allynkhine@mastodon.social)'s status on Wednesday, 03-Jan-2024 05:50:48 JST Robert Taylor

     in reply to

     @arstechnica good luck Muskva

   • robreed (robreed@mastodon.social)'s status on Wednesday, 03-Jan-2024 06:00:08 JST robreed

     in reply to

     The value prospects of Tesla would look like Twitter does now if people looked at it soberly.

   • Ministerofimpediments (ministerofimpediments@mastodon.social)'s status on Wednesday, 03-Jan-2024 06:51:15 JST Ministerofimpediments

     in reply to

     @arstechnica realistically…(and don’t get me wrong…I hope it burns to the ground)…it doesn’t really matter what it’s worth. For the banks…they’ll move it around so their customers take the hit. For Musk and the other big money investors…it’s all basically monopoly money that they would just blow on something else. They could have done something useful with it but that was never going to happen anyway. They’re assholes.
     Twitter will last exactly until the next president is sworn in. Count on it.

   • Avenell (yallamas@mastodon.social)'s status on Wednesday, 03-Jan-2024 07:54:21 JST Avenell

     in reply to

     @arstechnica That is probably the true value of Twitter - rather than the inflated price Musk paid. Can only imagine the fat-cat glee of those former “Twitter” executives that left shareholders holding the bag

   • Properganda (properganda@mastodon.social)'s status on Wednesday, 03-Jan-2024 08:29:08 JST Properganda

     in reply to

     @arstechnica who would’ve guessed that a narcissist man-child w/a god complex & no emotional intelligence or self-restraint, isn’t well suited for running a social media platform?

   • CubeThoughts (cubethoughts@mastodon.social)'s status on Wednesday, 03-Jan-2024 08:40:36 JST CubeThoughts

     in reply to

     @arstechnica 72% of what Musk paid for it? Or of what a rational actor would have paid for it?

   • 7islucky (7islucky@mastodon.social)'s status on Wednesday, 03-Jan-2024 10:46:44 JST 7islucky

     in reply to

     @arstechnica 😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂😂🤣😂🤣