Twitter Worth Only Third of Elon Musk's Purchase: Fidelity

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 equity stake in the company.

Bloomberg
@w7voa Yes, but in the delusional land of the Musk Fandom of crypto bros, that amount of money is infinite on some 4D chessboard so he must therefore be a "genius".
@w7voa Probably an optimistic estimate. Very optimistic.
@w7voa Felon Muskolini sure knows how to fuck stuff up.
@w7voa
I wouldn't give you two cents for Twitter and all the asses it rode in on.
@w7voa
Elmo and all of his fascist and dictator billionaires who helped Elmo buy Twitter could care less. The plan was to wreck Twitter and turn it into exactly what it now is. A semi reputable source for disinformation. Another goal was to silence activists. Mission accomplished. 44 Billion is nothing to these bastards.
@echuta @w7voa This. It isn't about the money. Him and his far right allies have control of the "town square" of the media-political establishment of the entire Anglosphere, and no price is too high for that.
@hughster @echuta @w7voa only until blue sky launches publicly. I’m guessing that will replace twitter real quick.

@nartimus @echuta @w7voa Given the inability/unwillingness to moderate the place even while it's invite-only and relatively tiny, I'm not entirely convinced about that at the moment.

https://mastodon.social/@hughster/110418411030207570

@w7voa transmuting money to power. once he uses it to get a right-winger elected it will pay for itself.

ps i hate that this is so

@w7voa
But it seems very probable that Elon bought Twitter with the objective of putting an end to it as a communication hub for investigative journalism…..or to be succinct, a source for truth. Did Elon draw the short straw in the oligarch circle? With help from the Saudis wanting to keep oil king??? In any event, a disaster for many reasons……. 🌪️🌪️🌪️

@w7voa

What could possibly go wrong with a visionaire like him at the helm!

@w7voa he won't feel a thing. This is a toy for him. Something to get more worshipers into his cult.
@w7voa (Emerges from cave) Allow me to introduce myself. “My name is Elon Musk Genius. My card.” “For real and for truly?”

@w7voa

Twitter may have lost market value, but since he took it over, Elon Musk’s wealth is up about $45 billion, largely due to increases in Tesla stock (the same stock he was prosecuted by the SEC for…using Twitter to illegally manipulate its prices).

@w7voa

Why would anyone think Musk cares much about the sales price of Twitter when he is more than breaking even due to his vastly increased ability to control information pipelines globally. Including the ability to monitor and disrupt his political enemies & use his control of algorithms to boost whatever of his dystopian projects he wants?

According to the same article you posted:

@chargrille @w7voa

Folk tend to believe what they want to believe. Until reality gets in the way.

@chargrille @w7voa What a world. Rewarded for incompetence. I need one of those jobs. I could be as incompetent as the best of them.
@w7voa OMG I LIVE😂😂😂😂😂😂 An incredible source of comedy
@w7voa he thinks he'll make it back through Ron DeFascist
@w7voa I provided my offer of $8 Australian for the whole show a while back. Payable over forty years. A very fair offer, I believe. I’m yet to hear from Elon. I’m a patient man, but my offer has a time limit.
@w7voa I think they’re being generous
@w7voa he's so rich it doesn't matter to him, he's using it for the reason he bought it...pushing it right wing