ijeffOne year after being bought for $44 billion, X is worth $19 billion
iHUNTcriminalsI mean even Twitter sucked. 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.
AlmightySnoo 🐢🇮🇱🇺🇦Honestly the format is good for stuff like quick business headlines and rumors that you could use as an input to your trading (basically free “squawk”, given that professional squawk services cost a lot). It’s also good to quickly spread the word during protests or similar.
But I agree that all of that is still offset with a huge amount of smugness and “ratio” competitions.
PeachManYeah that’s a fair summary. It’s brands doing announcements and ads, and people being assholes. Why would I be interested in either?
finthechatIn 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.
Yeah. I pretty much only used Twitter for live event updates.
helenslunchspeaking 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.
You don’t get advertising or algorithmic crap on Mastodon, and they have reasonably reliable filters to hide most porn I think
oce 🐆Would the collective consciousness actually be interesting to read?
I'm with you. Lots of randoms giving their opinions on something that other randoms can show their support for? Huh... alright, I guess.
doublejay1999Any social media that involves Followers are destined to be bin fires.
I tried mastodon, some of it is sweet, but eventually you voice a different opinion to someone with lots of followers, and get attacked by the tribe.
All depends on who you follow. If you follow people who make stuff (art, software, etc) then you’ll find your feed a lot more upbeat.
Still, on another platform (such as Lemmy) they could make more meaningful posts.
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.
Is that before or after you factor in the $13 billion debt it took on to buy itself on Musk’s behalf?
Th4tGuyIIMakes sense.
Almost immediately after buying it, Elon emshittified 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)
Is this just part of the playbook for him to not have to pay taxes by saying he lost all his money??
Only if he sells it
Technically most of his wealth is in Tesla stock, seeing how that’s been going Twitter X will be the last of his money, rather sad huh?
If it keeps trajectory ill be able to afford the whole of twitter
Seems like the buyer was very dumb
Free Palestine 🇵🇸He still is and will probably always be
Hadn’t it already massively dropped in value before the purchase was finalized, and that’s why he wanted to back out? How is everybody overlooking that?
If it dropped it value (can’t remember) that would have been Elons fault. He would have committed fraud by announcing he was buying stock and then not actually doing so.
Twitter was never worth anywhere close to the 40 billion he publicly announced he’d pay for it whether or not a “significant” drop before purchase occurred.
can’t know how much is worth until is sold again
I don’t think anyone will buy it ever again
magnetosphere…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.
_dev_nullShe’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
stopthatgirl7And Elon really thinks folks are gonna trust him with their money.
YⓄ乙 $19 billion is still a lot. Boys, lets try to bring it down to $19 million
ChozoLet's bring it down to $19.00.
I’ll buy Twitter for 20 bucks!
I’ll raise ya 20 and this toenail
I’d buy that for a dollar
🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 🏆To whom? Is anyone willing to buy it?
Maybe the old Twitter execs will buy it for that price. Musk should ask. Lol
Even then, there’s not much to buy given Musk fired all the talent.
Yea…Parag is a badass. Musk was trying to weasel out of the deal but Parag made him buy it and to make the deal even better, Parag got fired, which gave him millions of dollars for free (golden parachute).
If only more people would move to Mastodon it could drop another 50% in value!
MoshpiritPlease don’t put more pressure on us, we’re already telling people to do that.
Haha I’ve been trying too.
Flying SquidMastodon got a shout out on the latest Some More News, which was cool.
Anything that helps demonitize Twitter is good in my opinion!
I mean that’s based on what Elon said, so that’s vastly over estimated.
He valued it himself at 20B in March 2023 and I sincerely doubt the value has done anything but go down in the last 6 to 7 months.
Personally I am going to miss the random problematic tweets by famous people that they later blame on medication.
Roseanne?
Not anymore
They can do the same stupid shit on Threads or BlueSky. Let’s keep them away from Mastodon.
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.
Lol. What a dumbass.
WORTH 19 BILLION TO WHO??
aplomBombNo one willing to buy, so it ain’t worth shit
Aquaman might go for it
This guy has the attention span of a circus flea, doesn’t he?
I’m high af and buying Twitter. Hate speech is lol because I feel unloved. Advertisers you go now, you damned J’s. We don’t need qualified staff for 2.0 I know how to paste code. Ok now we’re gonna make hella $ with “verified”. Shit. Ok I gotta unplug some servers and refactor. I know PHP. A child looked me in the eyes but he couldn’t see into me like I know the others do. Now we’re X for some reason. Now we’re revenue sharing. I like to lie. Now we’re subscriptions, babby. No we’re gonna facilitate financial transactions in a challenge to the banking sector now cuz they got my nuts in a fukkin’ vice here Linda!
1984It doesn’t have a future… It’s going to continue to lose public trust every year.
Also - the blue bird now seems absurd. The X actually fits the current owner more. The only thing that would fit even better is a picture of Hitler.
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.
