this post was submitted on 01 Nov 2023
563 points (96.1% liked)

News

23366 readers
4387 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

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.
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago (2 children)

He is rich enough that it literally doesn't matter. This was "expensive" for him on paper, but hardly life changing.

[–] xts 15 points 1 year ago* (last edited 1 year ago) (1 children)

Yeah it’s definitely life changing. The public sentiment over the last couple of years has gone from

“wow Elon musk is a genius who will electrify the world and get us to mars”

to

“Wow Elon Musk is a massive moron who clearly isn’t anywhere near as smart as he thinks he is”

and the more he spreads right wing conspiracy shit the worse it’s getting for him.

Let’s not even talk about the public image but the private one now- he borrowed something like $20b? from several banks to make the deal who are now saddled with the debt. They have also been discussing (publicly) selling it at a loss because they’re done with Elon. Other banks will not lend him money, ESPECIALLY with interest rates being what they are and what he’s done this last year. The time of free money (which is how he built all of his companies) and unlimited government subsidies is done and that’s the only way he’s been successful- when there’s virtually no risk.

He cannot pay his interest payments because he’s only rich on paper. He’s likely cash poor and hasn’t even been paying normal Twitter bills let alone interest payments for his $20b loan, which IIRC gains like a billion in interest every year. Dude dug himself into a hole with no way out

[–] [email protected] 5 points 1 year ago (1 children)

Sounds like he's only a constitutional amendment away from being President of The US.

[–] xts 3 points 1 year ago (2 children)

lol that would never happen, the GOP would NEVER allow anyone but natural born citizens to serve

[–] [email protected] 2 points 1 year ago

I mean he's a white male, for them he's more American than most of the country.

[–] ArtVandelay 2 points 1 year ago

Both of you to assume they wouldn't change the rules to serve their purpose before changing it right back, if they even bothered at all.

[–] [email protected] 2 points 1 year ago

This still makes him look like a moron and his image is really important to him.