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Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)

submitted 3 days ago by GeneralInterest to c/technology

191 comments fedilink hide all child comments

"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] [email protected] 62 points 3 days ago (21 children)

We knew this was going to happen before he made the purchase.

Everyone said, the best way for Elon to keep his money was to change very little, or even take a hands-off approach.

Masnick suggested this would happen

It was that and so much worse. Moral of the story: Running a huge social media service is hard. Maybe don't assume that because you're a billionaire you're the best at doing stuff.

[–] [email protected] 2 points 2 days ago* (last edited 2 days ago) (1 children)

Masnick gives 20 levels of development. Elon stopped here:

Level Two: “We’re the free speech platform! But no CSAM!”

And that's about it. Ex-Twitter has copyright infringement, hate speech and doesn't give a fuck about local laws unless the law actually has teeth (Brasil, anybody?).

[–] [email protected] 3 points 2 days ago

and then he fires trust and safety and it gets riddled and plagued with csam

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