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WORTH 19 BILLION TO WHO??
No one willing to buy, so it ain’t worth shit
I was expecting much less than that. o_O
That’s because it isn’t worth nearly that.
It was estimated at around $20 bil when he bought it. Since then he has more than cut revenue in half. The value today is at most $ 10 bil.
Except Musk has added a burden of $ 20 bil in debt, causing interest cost of $1.5 bil per year.
Twitter was not earning money when Musk bought it, but now it operates at huge deficits, and has huge negative internal value.So the company has a net negative value. The only value may come from losses being tax deductible to a buyer. But that too is worth way less than the debt. Any value is completely speculative, based on a belief against evidence, that the company can still be turned around.
I don’t get that platform. I just signed up for mastodon and am not sure I’m feeling that either.
I feel like these Twitter-style sites are just …like… Keyboard warriors. It’s just smug post after smug post.
It honestly creeps me out. Like I see all these popular political posts by profile icons I recognize… But every post is just whinging…
Who are these people and why do they get popularity and even mentioned on the news as truth when their posts have no sources and are just bullshit political emotion. Then you read a news article the next “Twitter is cancelling…” Because there was one post about with someone acting like a dick.
In its most ideal form, a microblog style site could literally provide an online version of a collective consciousness of society. It would be a live feed of normal people’s thoughts.
Except in reality it’s porn, smug posting, corporate advertising, vitriol, and propaganda all fueled by algorithms written to keep mofos scrolling.
It was good for two things: on the ground news, and speaking directly to businesses to resolve customer complaints.
speaking directly to businesses to resolve customer complaints.
It really pisses me off that companies respond to Twitter posts but will ignore tickets and emails in their own support system.
Porn, smug posting, and vitriol? Sounds like collective consciousness of society to me.
Would the collective consciousness actually be interesting to read?
I think the whole point is that it gives media companies something to pretend is “news,” and everyone else something to be pretend-outraged over. Full stop.
If only more people would move to Mastodon it could drop another 50% in value!
Mastodon got a shout out on the latest Some More News, which was cool.
Transforming Twitter into an ‘everything’ app is a terrible idea. Why? Take WeChat, for example. Initially a messaging app, it now incorporates a multitude of services including short video clips similar to YouTube, Twitter-like posts (for friends only), a wallet linked to a bank card, and more. One of my Chinese friends said, ‘You won’t find anyone in China who doesn’t use WeChat because it has everything we need!’ It seems that users are quite satisfied with the services WeChat provides.
However, they may be overlooking the drawbacks of such centralized applications:
- Privacy issues: Identity verification is required; without it, most features are inaccessible.
- Censorship: I suspect that all communications are stored on a central server, with algorithms designed to detect sensitive content or keywords related to politics, NSFW material, etc. Since it’s linked to your identity, you could easily end up on a blacklist.
- Account suspension: The developer has the power to suspend accounts at any time due to the centralized nature of the system.
- Security risks: If someone gains access to your phone or passcode, they could access your money, your contacts’ information, and your personal details, since it’s an ‘everything’ app.
- Manipulation: Show those news that the country or the company want us to, hide those that are not helpful to them.
These issues and risks are inherent in centralized platforms and social media but consolidating them into an ‘everything’ app only amplifies the risks. My friend mentioned that WeChat hasn’t introduced a subscription fee yet, but Twitter and other services have.
I mean, an ‘everything’ app might be feasible in a restricted country like China, in the United States? Hell not! But, Big Tech and governments have the monopolistic power to make these things happen, so we have to find alternatives. The sooner we migrate, the sooner we can reduce the risks that I mentioned above.
The digital world is incredible, but also dangerous. It’s best that we start protecting our own privacy rights, our right to speak freely, and our right to control our own minds and discern the truth.
Wechat als always had the backing of the central government. They got funding and, probably more important, the government slowed or outright banned other apps. The Verge has a good piece on it.
Twitter(X) is Elon’s world. Pretty soon he’ll have so much control over his platform that he can practically cron kings and manipulate outcomes to fit his personal political agenda.
I’m happy to be out and migrate to Mastodon and WireMin since last December. Now I just look at Twitter like it’s the house burning down across the street. Session is also a good alternative, it’s not as fast as WireMin though.
Yes, WireMin is one of the alternative options to consider. But Session is just a messaging app right? It can be an alternative to Whatsapp, I think it is more secure.
When you say “not as fast”, what does that mean?
The speed of file transfer
So when you compare social media platforms your main metric for choosing one over the other is file transfer speeds?
It is an important metric for me when comparing secure messengers like WireMin and Session, especially when they are both good in terms of security. Of course, their speed needs to be taken into consideration. From the perspective of tracking up-to-date news, I believe Mastodon is the best. While when it comes to the social experience, Lemmy is my favorite.
I’m only starting to realize now that the Fediverse kinda follows the unix philosophy of purpose-built interconnectable pieces interfacing with each other. It’s much better than the alternative of just slapping everything into one cumbersome pile.
I’m not very well versed in the Fediverse so this may be wrong.
No, you’re right. Theoretically, you could even have a single login for multiple Fediverse sites (Mastodon, Lemmy, PeerTube, etc.).
Technically speaking, I believe you could even comment on this thread via Mastodon if you wanted to. But the reverse isn’t true since Lemmy isn’t configured correctly to view Mastodon content.
However, they may be overlooking the drawbacks of such centralized applications
My guy it’s wechat. It’s china. The drawbacks are that they are chinese.
Nobody questions the drawbacks of your entire life being on an app and you being valued on a social score.
Is it, though?
Its a digital message board on some overpriced servers.
Is this the wikipedia-argument back at him? The whole twitter post history could fit on a single hard drive, so why are people paying for it?
That argument is unfair anyway, cause what fits on a hard drive gets bigger every year.
Considering that almost every public lib continues to use it, there is something to it, even if only the network advantage.
$19 billion is still a lot. Boys, lets try to bring it down to $19 million
Let’s bring it down to $19.00.
I’m so tired of Musk…Can we please shoot him into the immense vacuum of space aboard one of his precious Teslas?
Only if Trump is in the frunk.
There’s a lot of drama around him, and some because of his own stupidity and pot stirring, but maybe the world could do with more like him.
Though he may not be self-made in the sense of lifting himself out of poverty into success. He does work pretty damn hard to forward his companies and the goals he sets, so that’s admirable.
Surely a big reason he gets so much flak is because he enjoys being in the public eye, unlike Bezos, for example.
Public figures like Musk draw an annoying and undeserved amout of attention, though. I mean there’s so much else happening in the world more worthy of our time, but that doesn’t generate ad-revenue now does it?
Ummm… The goals he sets are… Not good. Doesn’t matter how hard you work if your hard work is destroying a company.
…Yaccarino said that revenues grew in the high-single digit percentage…
She should start her own line of perfume. Desperation, by Linda Yaccarino.
Guaranteed to make you smell Musky.
She’s gotta be getting some serious compensation to throw her reputation in the garbage like this. I just can’t see how it makes any other sense for her in the long run.
Lol it’s not worth anything near that much
Makes sense.
Almost immediately after buying it, Elon enshittified the site - and not only that, but changed it’s branding from one of the most recognisable names/logos in the world to a fucking “X” (almost always suffixed with “formerly Twitter” so people actually remember what the fuck it is)
I thought elon was supposed to be smart
When will these eLon simps finally admit to themselves that the person they’ve been idolizing is a dumb bitch?
Is that before or after you factor in the $13 billion debt it took on to buy itself on Musk’s behalf?
i joined nothing and thus, missed nothing. frankly i hate elon but, him coming in just for the lulz and modern day jokering twitter just to watch the world burn was a little funny.
Works hard to forward his companies like X which lost billions in value cos of his stupidity? Where’s his Hyperloop? I wouldn’t buy a Tesla if it were the only car in existence. I’m even tired of his name.
