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this post was submitted on 07 Sep 2023
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That's not really how that works. He just reduced the value of the site. He nuked value out of existence.
I mean he did spend 44 billion prior to said nuking. Site isn't worth as much now sure, but the volume of currency still traveled into the hands of others.
Good point actually.
Is the previous owner also a fuckhead though?
But he hasn't realized his losses yet - HODL!
Twitter having overwhelming dominance may have had value to shareholders, but IMO that is at the expense of everyone else. Not having to use Twitter is valuable.