GGermany

Fidelity hat den Wert von X von 44 Milliarden US-Dollar auf 9,4 Milliarden US-Dollar gesenkt

  • September 30, 2024



Fidelity hat den Wert von X von 44 Milliarden US-Dollar auf 9,4 Milliarden US-Dollar gesenkt

Fidelity has cut its estimate of X’s value by 79% since Musk’s purchase

30 comments

  4. Given that it’s got around 350 million monthly active users (Facebook has 3 billion, Reddit 1.2 billion, TikTok 1 billion – for reference) and is losing both advertisers and users, and has a highly erratic CEO who loves picking fights with customers and governments, and it has no clear strategy (beyond Elon’s vague “everything app” bullshit), and is increasingly over-run with spam and hate-speech, I think $9.4 billion is generous.

  8. Hope there’s a concerted effort to move off X in 2025.

    Musk was someone I respected when he bet his fortune on SpaceX.

    But nowadays, he’s a conservative mouthpiece who uses his shitty acquisition to propagate his agenda.

  9. Musk doesn’t care, he has bought Twitter to shut it down. Too much free speaking for him. He’s rich enough to be able to loose that kind of money.

  10. In fairness it wasn’t worth 44 when he bought it, he overpaid and everyone knows that, so there was a huge markdown the instant he bought it. What fair value was back then is anyone’s guess.

    So the real drop is whatever that was to 9.4

  16. What associations does X brand have?

    – X is a button to close the window

    – X is ex-twitter

    – X has soulless logo

    – Subscription to get basic functionality

    – You say X, you think of hordes of bots, that spread misinformation
    – You say X, you think of a childish, narcissistic CEO, who thinks he is a genius

  18. Every Billionaire megalomaniac needs a propaganda outlet. He’s just copying the devil himself Rupert Murdoch

  19. Reddit is so caught up in believe a fabricated narrative and focused on telling people what they should know.

  20. He went from… “He seems kind of cool for a billionaire” to… “Oh, he’s a little crazy and self destructive” and finally “I hope this man is ruined with every fiber of my being.”

    Seriously. Screw this guy. Only thing that restores some faith in humanity is how badly Twitter has fallen under his watch. Thank you to all the companies and folks who left. Shame on everyone who stayed. I don’t want to hear the excuses. There are other platforms you could use in replacement. About the only entities I can accept are the emergency services who just want to alert folks. That’s it.

  21. This seems grossly high. An actual buyer might pay $3B, because they have $10B or so in debt, and the company requires billions in new cash just to operate. It’s going to be billions more to reposition and rebuild the brand, and years, if ever, for revenues to return.

  22. I don’t understand reality where a guy can lose 35 billion on a whim and be considered a genius.

  24. do you know this was the strategy from the beginning? Jared Kushner takes media outlets, buys them up, and then run them into the ground
    Elon hangs out with Jared and I’m pretty sure the strategy this entire time has been to run a huge media outlet into the dirt, seeing how much of a right wing propaganda mouthpiece, they can turn it into.

  25. When Musk bought Twitter back then, I predicted exactly that (well, I said half the value) in my circle of friends and was ridiculed for it.

  27. But a medium of communication has been handed over to the radical John Galt extremists so mission accomplished.

  29. Removing the block button is gonna be the nail in the coffin. Between spam bots Nazi content and harassment Twitter is about to become the worst place to be on the internet

  30. But they will have a full bank functionality before the end of this year according to Elon. So it will be more than a social network.

    /s

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