A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.

Let’s recap what he did to Twitter, I will go first:

  • Changed the original name Twitter to X.
  • SeedyOne@lemm.ee
    link
    fedilink
    arrow-up
    37
    arrow-down
    3
    ·
    1 year ago

    Let’s put this another way.

    That ~25 billion, heavily absorbed by foreign investors, has bought influence on worldwide events/elections and allowed those that previously hated the platform to sabotage it internally, likely to a post-election failure.

    Makes you wonder to what degree we have a “useful idiot billionaire” situation, with other interests (countries?) steering the out of control train to their benefit.