Cheer up Elon - it wasn't worth $44B when you bought it, so it's lost significantly less value than you think!
this post was submitted on 07 Sep 2023
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Most valuations by actual economists and the like was in the 20-25B range. So it still lost a 5x in value, which is only marginally worse than 10x.
Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.
Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.
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Well, it is, if you're a Nazi.
Same person
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The point of acquiring Twitter wasn't to make money; it was to take away something that woke lefty journalists like and give it to fascists.
Have you considered that Elon Musk is a dumbass rather than a super genius?
The guy didn't plan on buying twitter. He was made to after he tried gaming the system and fucked it up.
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It astounds and amazes me that there was a time Elon could have feasibly been considered a smart, level-headed entrepreneur. The whole submarine thing with the trapped kids really was the beginning of his unraveling. I for one thank Elon Musk for proving once and for all to even the most shameless corpo-apologists that having a ton of money doesn't magically make you smart or cool. The dude's an idiot, and I love watching him self-destruct.
At one point they even had him cameo in iron man, and had him name dropped on star trek as a pioneer of human discovery. People used to jerk off to this dude's PR image like he was a real life Tony Stark.
If he stayed off Twitter he'd have a pretty impressive CV. Mainstream electric cars, actually usable Satellite Internet, Major Solar Panels etc. Even weird shit like Hyperloop would just be random neat things.
Same with JK Rowling, Kanye West, Notch, etc. It's literally so fucking easy for people like this to remain loved by everyone. Just keep your fucking mouth shut. Give nice polite interviews about your job, stay out of politics, let a boring publicity agent manage your social media for you, and enjoy your billions of dollars in peace.
Why is it so hard?
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They put him on Rick and Morty in the most cringe inducing fashions and it was like watching a cartoon suck off a guy.
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He's mentioned in star trek discovery as if he took us to mars. Those lines aged so poorly
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When he called the submarine expert a pedo was when I started to go, "Is this guy being for real?"
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He overpaid for a piece of shit and ran it into the ground.
Everyone with a used BMW knows the feeling.
Please stop attacking my character based on terrible purchase decisions
What a beautiful car
Until I owned it
I'll never forget my Sweet 3 series... Because I'm still paying for it's repairs years later.
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South African Magician Makes $40B Disappear!
Nah, he just donated 40B to the former ownership. Keeping the big bucks in the hands of the ultra wealthy.
Can this man baby just go away? No one cares dude. Enjoy your overpriced echo chamber.
Him buying twitter was just some sort of narcissistic flex on his daughter.
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When no-one was looking, Elon Musk lost forty billion. He lost 40 billion. That's as many as four tens billions. And that's terrible.
I never would have guessed that Musk is a billion times worse than Lex Luthor, but the math is right there. Terrible.
It's an older meme, but it checks out.
Source (spoiler'd because image)
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I could be remembering wrong but Twitter was only worth $15B at best, and Elon bought it for $44B because he's that smart.
I genuinely think he's just a pawn in a bigger game in which some powers wanted twitter gone.
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Didn't Elon have the opportunity to end world hunger for 8 billion dollars a couple years ago?
Almost. He said that if anyone could present a plan on how to end world hunger for $6B, he'd sell Tesla stock to pay for it.
The U.N. publicly presented a plan on how they'd use that $6B, but it fell way short of that goal. Which isn't surprising, since they never claimed they could solve world hunger permanently for $6B. Musk's challenge was rhetorical because the bar was impossibly high. He was really just trying to make the point that he does not have the money to truly end world hunger.
The U.N.'s plan for that $6B would "feed 42 million people for one year, and avert the risk of famine". That's nothing to sneeze at, obviously, but it's not a permanent solution.
Friendly reminder, for context, that the U.S. military budget is $842B. For one year.
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For that to be true, it would have needed to be worth $44B in the first place, which it absolutely was not. But there is no doubt that his mismanagement has tanked the value of the investment. He's a narcissist so never see it that way, but the whole rest of the world knows that.
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Imagine having so much wealth that he can walk away from his utter failure at Xitter and remain completely unaffected. For him, this is like some side-hustle vanity project a bored trophy wife runs.
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When you have a net worth measured in the billions of dollars, it's genuinely impressive to be able to lose money. With that kind of sum behind your name, you could just do nothing and out-earn most people on the planet with just interest alone. To actually be able to lose money? Now that takes work!
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let that sink in.
No tears shed here. The people who built Twitter got a nice payout when they absolutely robbed Elon Musk in that deal. Anyone who chose to stay on the Elon train after his first weeks at the helm gets no sympathy from me.
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I wouldn't normally trust his math but he might have gotten this one right
And he's blaming the anti defamation league...
Nothing says definitely not a racist Nazi like blaming the Jews for your failings. Nazis would never blame the Jews for everything.
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This is the 4-D chess at play actually - now that it's been delisted, there can't be any securities class action against him. taps forehead
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I really hope the original owners re-buy Twitter for a fraction of what they sold it for lol
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He's just that good at business. Truly an unstoppable force in the world of commerce. Capitalism really is the best system. No problems.
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Listen all y’all it’s a SABOTAGE
That might be giving Musk too much credit. Never attribute to malice what can be explained by incompetence.
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I'm sure Putin and the Saudis comped him accordingly
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