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Fidelity marks down X valuation by 71.5%

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Re: Fidelity marks down X valuation by 71.5%

#11

Post by notaustinpowers »

pfannkuchen wrote: post #8

Isn’t this Elon putting his money where his mouth is? He’s stated many times that he bought Twitter due to free speech concerns and not to make money. It’s kind of weird to me that people on the internet aren’t praising him for being principled, and are instead laughing at him for (expectedly) losing money.

Whether he's morphing Twitter as a new bastion of free speech remains to be seen. Musk himself says that saying the word "cis" is a slur with threats of suspension for saying it. Meanwhile, transgender people are actively being deadnamed and harassed with no repercussions to those committing those actions. Which is a clear violation of their Hateful Conduct policies.

Then when companies decide "Hey, I don't want to give my money to a company like that" based on reports of rising hate comments and speech on the platform Elon then threatens to sue them despite their protected speech.

It's giving "free speech for me but not for thee", which rubs a lot of people the wrong way. And, to many, this incredibly public meltdown of Twitter and Elon's inability to not be the center of attention is why people are laughing. It's absurdity to the nth degree.

Re: Fidelity marks down X valuation by 71.5%

#12

Post by dimator »

hyggetrold wrote: post #4

> “What this advertising boycott is going to do is kill the company,” Musk continued. “And the whole world will know that those advertisers killed the company, and we will document it in great detail.” You tell 'em Elon!

Such an absurd comment that was. If your customers are the ones paying for ads, and you cause your customers to leave, isn't that just deliberately tanking your business?

And "document in detail" it for who? As though there's some court or something that you can demonstrate why your business failed, and then.... what? Prove that it was departing customers? No one will give a shit. Just absurd.

Sometimes it's fun to think about the N-degrees of circles of yes-men around the ultra rich that lead them to believe the most absurd things.

Re: Fidelity marks down X valuation by 71.5%

#13

Post by RobRivera »

hyggetrold wrote: post #4

> “What this advertising boycott is going to do is kill the company,” Musk continued. “And the whole world will know that those advertisers killed the company, and we will document it in great detail.” You tell 'em Elon!

"Stop liking what I dont like" variant

Re: Fidelity marks down X valuation by 71.5%

#14

Post by FireBeyond »

dimator wrote: post #12
hyggetrold wrote: post #4

> “What this advertising boycott is going to do is kill the company,” Musk continued. “And the whole world will know that those advertisers killed the company, and we will document it in great detail.” You tell 'em Elon!

Such an absurd comment that was. If your customers are the ones paying for ads, and you cause your customers to leave, isn't that just deliberately tanking your business? And "document in detail" it for who? As though there's some court or something that you can demonstrate why your business failed, and then.... what? Prove that it was departing customers? No one will give a shit. Just absurd. Sometimes it's fun to t…

> And "document in detail" it for who

He actually said "for the earth", thinking that humanity would revolt against the advertisers for destroying Twitter for them...

Not a hint of megalomania there.

Re: Fidelity marks down X valuation by 71.5%

#15

Post by FireBeyond »

pfannkuchen wrote: post #8

Isn’t this Elon putting his money where his mouth is? He’s stated many times that he bought Twitter due to free speech concerns and not to make money. It’s kind of weird to me that people on the internet aren’t praising him for being principled, and are instead laughing at him for (expectedly) losing money.

> He’s stated many times that he bought Twitter due to free speech concerns and not to make money. It’s kind of weird to me that people on the internet aren’t praising him for being principled, and are instead laughing at him for (expectedly) losing money.

Well, other than the whole little thing where he said "advertisers leaving will destroy Twitter and it will be all their fault".

Platforms offered advertising for, last I checked, making money.

Re: Fidelity marks down X valuation by 71.5%

#16

Post by chung8123 »

hyggetrold wrote: post #4

> “What this advertising boycott is going to do is kill the company,” Musk continued. “And the whole world will know that those advertisers killed the company, and we will document it in great detail.” You tell 'em Elon!

I do think it is weird that there is an advertising boycott of Twitter but nothing is hitting Tesla yet. People seem ok with Elon's antics when it comes to the poplar car.

Re: Fidelity marks down X valuation by 71.5%

#17

Post by sidibe »

notaustinpowers wrote: post #11
pfannkuchen wrote: post #8

Isn’t this Elon putting his money where his mouth is? He’s stated many times that he bought Twitter due to free speech concerns and not to make money. It’s kind of weird to me that people on the internet aren’t praising him for being principled, and are instead laughing at him for (expectedly) losing money.

Whether he's morphing Twitter as a new bastion of free speech remains to be seen. Musk himself says that saying the word "cis" is a slur with threats of suspension for saying it. Meanwhile, transgender people are actively being deadnamed and harassed with no repercussions to those committing those actions. Which is a clear violation of their Hateful Conduct policies. Then when companies decide "Hey, I don't want to g…

He also threw "decolonization" into the words you can be suspended for (part of his outreach after getting in trouble over antisemitism)

Re: Fidelity marks down X valuation by 71.5%

#18

Post by kjellsbells »

pfannkuchen wrote: post #8

Isn’t this Elon putting his money where his mouth is? He’s stated many times that he bought Twitter due to free speech concerns and not to make money. It’s kind of weird to me that people on the internet aren’t praising him for being principled, and are instead laughing at him for (expectedly) losing money.

I struggle with the two-sided ness of his claims. If he wanted to build a free speech base, and burn his money doing so, that is his right, but then he can't whine and complain if his customers (advertisers) decide to take their business elsewhere. Which he does, in spades. Even more oddly, he has poor Linda Yaccarino out there pressing the flesh on Madison Avenue, trying to reassure customers that Twitter is a safe space for them to promote their brand.

The same logic applies in the other direction too, eg if I sell beer and my customers object to my spokesperson, I can be sorry about their decision, and regret their choice not to buy my beer, but I dont have the right to complain.

In both cases, a business decision was made, and the business owner must deal with the consequences.

Re: Fidelity marks down X valuation by 71.5%

#19

Post by HybridCurve »

dimator wrote: post #12
hyggetrold wrote: post #4

> “What this advertising boycott is going to do is kill the company,” Musk continued. “And the whole world will know that those advertisers killed the company, and we will document it in great detail.” You tell 'em Elon!

Such an absurd comment that was. If your customers are the ones paying for ads, and you cause your customers to leave, isn't that just deliberately tanking your business? And "document in detail" it for who? As though there's some court or something that you can demonstrate why your business failed, and then.... what? Prove that it was departing customers? No one will give a shit. Just absurd. Sometimes it's fun to t…

This is why I hate when anyone puts this guy on a pedestal. I can't be certain about his level of knowledge in most things, but with comments like this he regularly demonstrates lack of credibility due to either complete ignorance a highly self-centeric view of the world. Either way, he is not to one be trusted, admired, or emulated.

Re: Fidelity marks down X valuation by 71.5%

#20

Post by srmarm »

pfannkuchen wrote: post #8

Isn’t this Elon putting his money where his mouth is? He’s stated many times that he bought Twitter due to free speech concerns and not to make money. It’s kind of weird to me that people on the internet aren’t praising him for being principled, and are instead laughing at him for (expectedly) losing money.

In this case it was Fidelity putting their customers money where his mouth was actually.
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