this post was submitted on 30 Sep 2024
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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] eestileib@sh.itjust.works 120 points 18 hours ago (7 children)

Musk did not buy this as an investment. He bought it to flip elections and manipulate public opinion.

Tesla is writing him a check that will cover the entire purchase price, and Saudi Arabia and Russia will pay the operating costs.

Active users are what matters; if they lost 75% of their users then I'm paying attention.

[–] scarabic@lemmy.world 5 points 4 hours ago

I think it’s even pettier than that. He’s the loud guy on the forum who literally bought the site so he could be admin.

[–] deathbird@mander.xyz 15 points 8 hours ago

I think you're giving the guy too much credit. Sometimes things are as they seen. He just didn't like the moderation scheme on Twitter, made a gesture buying it, fumbled a little bit and overbid, then after having been forced to acquire it tried to turn it into something closer to what he wanted it to be.

[–] Wirlocke@lemmy.blahaj.zone 42 points 17 hours ago* (last edited 17 hours ago) (1 children)

Correct me if I'm wrong but I'm pretty sure he gave an outlandish bid for Twitter to manipulate it's stock prices when he pulled put, but he was sued into following through.

I don't think he ever wanted to buy it, or at least he wanted to crash it's value to come back and buy it on the cheap.

[–] celsiustimeline@lemmy.dbzer0.com -3 points 15 hours ago (2 children)

Given his unlimited resources, and the world's worst people on speed dial, do you not think that the powers that be could have orchestrated that?

[–] pyre@lemmy.world 1 points 1 hour ago

then why not buy it normally like a human from earth and instead involve this lawsuit that to make himself look like an absolute moron

[–] Wirlocke@lemmy.blahaj.zone 15 points 15 hours ago* (last edited 14 hours ago) (1 children)

If he was that competent why would he resort to openly pumping and dumping meme coins in public just prior to this stunt.

He has some dangerous strings he can pull, but that doesn't make him a good puppet master.

[–] I_Clean_Here@lemmy.world 4 points 12 hours ago

Broken clock and all that

[–] cultsuperstar@lemmy.world 23 points 17 hours ago

Aren't 75% of the users Russian bots? Lol

[–] fluxion@lemmy.world 12 points 18 hours ago

We'll never know since Musk is nurturing a state-funded "user"-base that will always keep their numbers inflated

[–] frezik@midwest.social 1 points 12 hours ago

If he's trying to flip elections, he needs to at least pretend it's being operated in good faith.

[–] macattack@lemmy.world 1 points 12 hours ago

I agree 100%. Liberals retweeting how Elon is losing money is actually making him money