May 25, 20232 yr Not to mention it was audio only. Imagine how F'ed it would've been had they tried to multicast video.
May 28, 20232 yr Quote This was not said by Voltaire but by Kevin Strom, a neo-NSDAP and Holocaust denier. It's a cool quote and I wish it had been said by a better dude, but it wasn't, and so people should really stop using it. (And definitely stop saying Voltaire said it!) from the comments
May 31, 20232 yr 15 minutes ago, vikas83 said: Sure, 2/3rds of $44 billion might seem like a lot, but what does that come out to, per owning of the libs? Not to mention the fact that now, on Twitter, there is free speech again.
May 31, 20232 yr 9 minutes ago, Toastrel said: Sure, 2/3rds of $44 billion might seem like a lot, but what does that come out to, per owning of the libs? Not to mention the fact that now, on Twitter, there is free speech again. To be fair, the 67% decline is in the value of the ~$31.5bn of equity invested, as ~$13bn of debt was used. Here's the article: Quote Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its stake in the company. Musk, who has acknowledged he overpaid for Twitter, offered employees new equity grants earlier this year that valued the company at $20 billion. It’s unclear how Fidelity arrived at its new valuation or whether it receives any non-public information from the company. Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February. Twitter has struggled financially since Musk took over. After saddling the company with $13 billion of debt, Musk’s erratic decision making and challenges with content moderation led advertising revenue to decline by 50%, Musk said in March. An attempt to recoup that revenue by selling Twitter Blue subscriptions has so far failed to take off. At the end of March, less than 1% of Twitter’s monthly users had signed up. Twitter didn’t specifically respond to a request for comment. Musk’s investment in Twitter is now worth $8.8 billion, according to the Bloomberg Billionaires Index, which uses Fidelity’s valuation to calculate the value of his holding. Musk spent more than $25 billion to acquire an estimated 79% stake in the company last year. The latest markdown erases about $850 million from Musk’s $187 billion fortune, according to the index. Despite Twitter’s issues, Musk’s wealth is up more than $48 billion this year, largely due to a 63% surge in Tesla Inc.’s share price.
May 31, 20232 yr Haven't been in here in awhile. Don't like that you can't search unless you have an account now
May 31, 20232 yr 14 minutes ago, Mike030270 said: Haven't been in here in awhile. Don't like that you can't search unless you have an account now Accounts I used to follow have moved behind paywalls too, so that if you are not a paying twitter user, you get the subscribe button. People, at least artists that I know, are fleeing the platform.
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