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submitted 2 years ago by gsa4555@lemm.ee to c/technology@lemmy.world
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[-] Dekthro@lemm.ee 24 points 2 years ago

Oh no! Anyway.

[-] drapermache@lemmy.world 24 points 2 years ago

And somehow it’ll be the “woke mind virus’s” fault. There will be no self reflection at all.

[-] Mrkawfee@lemmy.world 22 points 2 years ago

Space Karen destroys Twitter.

[-] theywilleatthestars@lemmy.world 22 points 2 years ago

🍌We're all trying to find the guy who did this

[-] Snapz@lemmy.world 21 points 2 years ago

"Man internationally, violently and repeatedly stabbing victim in the face now warns that victim may die of facial stab wounds."

[-] ugjka@lemmy.world 21 points 2 years ago

He can still turn it into a porn app

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[-] kaitco@lemmy.world 20 points 2 years ago

I said this in another post, but I think it bears repeating:

Musk, whether he was paid to do this or not, is acting purposefully. This is all a grand scheme to fully dismantle what was once our global town square. Twitter was once a place where “the people” could hold politicians, corporations, and the generally wealthy accountable for their actions publicly. In the past year, the platform has become unsteady, blue checks are untrustworthy, and even the name has changed to something that causes one to pause.

I dislike the man as much as the next normal person, but all of this nonsense has been planned from the start. He’s not a complete idiot. These actions have been calculated steps to take away the voice of the people and eliminate a single source of truth as things get worse and worse.

[-] TheGreatFox@lemm.ee 17 points 2 years ago

That is the result, but Elon is too much of a prideful idiot to do it intentionally. But it's entirely possible some of the others involved were aiming for that.

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[-] Buffalox@lemmy.world 19 points 2 years ago

In May Fidelity wrote down the value of its stake in the company then still known as Twitter, giving it a value of about $15 billion – or just a third of what Musk paid, The Wall Street Journal Reported.

I think even that was not realistic, and back in May things were not as bad yet as they are now at "The thing formerly known as Twitter". I doubt anyone would buy it at even half that now. Musk added a debt of $20 billion, that's about what it was worth at the time Musk bought it.

With that debt, the company became basically worth Zero. Even at the estimate when Musk bought it.

If the $20 billion debt was somehow removed, it would still be worth less than $10 billion. Meaning that its current actual worth is probably below negative $10 billion! Meaning the only value is the tax value of the deficit. And no creditors get paid. It's basically already bankrupt, unless someone pumps in more money, and I'm not seeing that happening with a company as bad as "The thing formerly known as Twitter".

Seems like the only way forward now, is bankruptcy and maybe reconstruction after selling the company without the debt for peanuts.

[-] Rhaedas@kbin.social 18 points 2 years ago

Most of the value was probably with the brand itself. Which he then tossed away. Genius.

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[-] phoneymouse@lemmy.world 17 points 2 years ago

He accelerated it. If he had just left things alone, he’d be in a better place than he is today.

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[-] Adderbox76@lemmy.ca 16 points 2 years ago

Dying is the entire point of it. If it dies, it becomes infinitely more difficult for the authorities to subpoena tweet histories of certain orange pieces of shit and his cronies.

It doesn't stop them from getting that history, of course.

But the legal rigamarole of trying to get tweet history from a company that technically doesn't exist anymore (It's X, not twitter), and later on no longer even functions (servers shut down), might just delay things long enough to make a difference in the upcoming shit-show.

[-] Corkyskog@sh.itjust.works 14 points 2 years ago

So the conspiracy is that Musk paid like 20+B and the Saudis paid another ~10B just to keep Trump out of prison?

[-] roboticide@lemmy.world 16 points 2 years ago

And as if they didn't already subpoena that information before actually filing charges either. They were already investigating for months before Musk bought Twitter.

This is one of the dumber conspiracy theories I think I've ever seen. Why are we attributing some clever political maneuver to Musk when it's clear he just made an unprecedentedly stupid business decision?

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[-] DeadNinja@lemmy.world 15 points 2 years ago

Musk tried to fix something that was not broken, and it almost always is a bad idea.

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[-] n3m37h@lemmy.dbzer0.com 14 points 2 years ago

I wonder how much money the govt will give him now that he lost 44 bil... ya just know that is what will happen

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[-] spiderman@ani.social 14 points 2 years ago

Stage 5: Acceptance

[-] randon31415@lemmy.world 14 points 2 years ago

Man who bet billions that Twitter would fail is upset that it hasn't already.

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this post was submitted on 20 Aug 2023
844 points (100.0% liked)

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