Works hard to forward his companies like X which lost billions in value cos of his stupidity? Where’s his Hyperloop? I wouldn’t buy a Tesla if it were the only car in existence. I’m even tired of his name.
consider where the stock was trading at the year before he bought it. he got a discount, basically. a lot of people who had been holding shares lost money to the richest guy on earth. and then he threw the money away burning down Twitter.
That’s what X is valuing itself at, not what it’s worth. We’ll get a better sense of what it’s worth when it goes back on the market or goes bankrupt, whichever happens first. Right now I have a hard time imagining anyone would pay that much for it. For context Snapchat, which has had a lot more success with advertising lately, is worth about $16 billion.
Remember bidders that Twitter…ahem…X?.. X… Okay…X… Still has employees…really?…employees that are clearly loyal and easily controllable, as well as a nominal amount of IT equipment.
Its funny how this headline keeps coming up every couple of weeks with a smaller number each time.
I dont know how they generate these evaluations, and honestly I dont even trust they are accurate. Or care, my life is fully uneffected by the success or failure of that site.
But it is always funny to read the new nearly identical headline with the number shifted down by 1-4 billion from last time.
Fidelity does this because they invested in Twitter alongside Musk, and as a bank they are required by law to disclose the current value of their assets. They come up with a value of their stake, then the rest of us divide that by the percentage Fidelity owns to get the value of the company.
There’s a lot of drama around him, and some because of his own stupidity and pot stirring, but maybe the world could do with more like him.
Though he may not be self-made in the sense of lifting himself out of poverty into success. He does work pretty damn hard to forward his companies and the goals he sets, so that’s admirable.
Surely a big reason he gets so much flak is because he enjoys being in the public eye, unlike Bezos, for example.
Public figures like Musk draw an annoying and undeserved amout of attention, though. I mean there’s so much else happening in the world more worthy of our time, but that doesn’t generate ad-revenue now does it?
I’ve been with a very frugal start-up for many years and it’s amazing what a small team can get done compared to larger companies.
I think the fact that Twitter is able to run with so much fewer staff probably points to how bloated they were.
I think Twitter’s stock price was a huge bubble waiting to burst anyway.
Maybe things will turn around if we give X some time. I’m against platforms like what Musk is building with X, I don’t like their stickiness and the fact that the walls between functions are blurred and data can consequently flow between them. They become monopolies; they begin to regulate and discriminate against their users however they see fit and ultimately leave you with little real choice.
He was a white kid in South Africa. Even if he was dirt poor and born into a broken home, in he was still further ahead than most of the country. Born at least on first or second base.
He had an upbringing of privilege. Mental and physical healthcare, plenty of food, fancy trips and parties, tutors and tuition, as much money as he wanted to start businesses; dude never wanted for anything. Elon being self made is an absolute lie.
And there’s endless examples of a small well ordered thing being far more expensive than essentially the same thing less ordered in bigger volume - a room full of carbon dioxide, a bag of coal, a diamond…
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