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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%

#51

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…

It isbalmost as if he is struggling to avoid responsibility and accountability for his actions.

Re: Fidelity marks down X valuation by 71.5%

#52
post #40
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.

It doesn't take much, just a rewrite rule on a frontend proxy. The nice thing about barebones engineering teams is you get barebones solutions. "Turns out it doesn't actually require that many people to run the site" - Elon Musk.

Rofl - I guess that’s why the value is down 75% numbnut. Seems like only having some bare bone it staff isn’t what you really need to run a social media site. I love Elon musk quotes - everytime you read one it hasn’t aged well, just like he was just some dumb idiot that feel in a pot of gold (bought with daddy’s blood diamonds)
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