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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%

#41

Post by al_borland »

paulette449 wrote: post #10
gbenzzz wrote: post #9

And they still haven't changed the primary app domain to x.com. Such a joke. It will probably never happen due to the engineering complexities of such a switch with just a barebones engineering team and loss of institutional knowledge over the last year.

The rebranding was an incredibly dumb decision. I have never seen it referred in the wider world to anything other than "X (formerly known as Twitter)".

It reminds of when Prince changed his name to a symbol. He eventually gave up on the symbol, it just didn’t work. “X” is too generic a name and doesn’t work.

Re: Fidelity marks down X valuation by 71.5%

#42

Post by rsynnott »

xenospn wrote: post #32
qgin wrote: post #31

Earlier quoted context omitted.

X is an un-ownable name/word. It's the 2023 version of the artist formerly known as Prince.

At least the artist formerly known as Prince continued providing value until the day he died. With Twitter, that value is long gone.

Also he had the decency to make up his own symbols (sent to newspapers on a floppy disk!) rather than just using the X11 logo for some reason.

Re: Fidelity marks down X valuation by 71.5%

#43

Post by rsynnott »

vikingerik wrote: post #38
pohl wrote: post #30

Earlier quoted context omitted.

Wait, do companies buy ad placement in Teslas? Do they appear on the dashboard display while driving or something? If not, then how would they boycott?

I think the parent just meant that there's no popular mindshare backlash against Tesla like against X/Twitter. The perception of Tesla that electric cars are environmentally good is outweighing whatever negative perception of Musk.

... I mean, I think there definitely _is_. The "I bought this before we knew Elon was crazy" bumper stickers have been fairly popular, right?

Re: Fidelity marks down X valuation by 71.5%

#44

Post by rsynnott »

xenospn wrote: post #33
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 blocking and banning people left and right. I don’t think the “free speech” claim was serious.

Like many people who go on about free speech a lot, he just has his own personal definition; free speech, for Elon, _clearly_ is a term of art meaning speech that Elon approves of. There's no other way to read his actions.

Re: Fidelity marks down X valuation by 71.5%

#45

Post by rsynnott »

shostack wrote: post #37

Who benefits of Twitter truly dies? Who has invested directly or indirectly in Twitter? What is the intersection of those two groups and what is their connection with Musk?

I mean, Twitter.com will always go somewhere; if Twitter disintegrates the IP will be bought up by someone or other, and probably revived sans Elon. I recognise the temptation to look for a conspiracy (Musk is destroying Twitter because [insert Bond-villain plot here]) but, really, Occam's razor says that he's just destroying it because he's incompetent.

Re: Fidelity marks down X valuation by 71.5%

#46

Post by netsharc »

MuffinFlavored wrote: post #21

If I have say... cars as a hobby. Turbochargers, wheels, parts, say I spend 20% of my disposable income on it and I have a good portion of my net worth tied into it as well (the cars themselves, the parts, etc). Elon Musk spending $44b (which I don't think he did as all cash all at once/financed some) of his $250b net worth is like 17.5% Even if it makes $0/goes to $0, it's just basically his hobby/a passion project…

I don't think it's even a hobby, it'd be like you being forced (by an impending lawsuit and discovery proceedings) to spend 20% of your money buying a junker car you don't particularly like, because you couldn't resist keeping your mouth shut.

It's not even all his money, a lot of it is loans from banks who won't take his call the next time he rings...

Re: Fidelity marks down X valuation by 71.5%

#47

Post by elforce002 »

Interesting. Musk "switched sides" and suddenly twitter becomes the worst social media imaginable. To be honest, my feed didn't change much after Musk took over.

Instagram is just business ads at this point, TikTok is adding ads and their feed is getting worse, I don't even know what's happening on fb. Reddit is somewhat bearable only if you follow enough subs.

I don't want to be on an echo chamber when discussing general topics, politics, etc... That doesn't get anywhere.

Re: Fidelity marks down X valuation by 71.5%

#49

Post by ImPostingOnHN »

elforce002 wrote: post #47

Interesting. Musk "switched sides" and suddenly twitter becomes the worst social media imaginable. To be honest, my feed didn't change much after Musk took over. Instagram is just business ads at this point, TikTok is adding ads and their feed is getting worse, I don't even know what's happening on fb. Reddit is somewhat bearable only if you follow enough subs. I don't want to be on an echo chamber when discussing ge…

I don't think elmu "switched sides" unless you're talking about his claims he supported free speech before he cracked down on free speech. But yeah, he made twitter pretty bad, hence this article.

Re: Fidelity marks down X valuation by 71.5%

#50

Post by [deleted] »

vikingerik wrote: post #38
pohl wrote: post #30

Earlier quoted context omitted.

Wait, do companies buy ad placement in Teslas? Do they appear on the dashboard display while driving or something? If not, then how would they boycott?

I think the parent just meant that there's no popular mindshare backlash against Tesla like against X/Twitter. The perception of Tesla that electric cars are environmentally good is outweighing whatever negative perception of Musk.

[deleted]
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