Yahoo Finance says that Twitter's revenue has dropped by 84% since Elon Musk took over. https://finance.yahoo.com/news/twitters-revenue-collapses-84-tesla-171535190.html

84%! It's bringing less than one sixth of what it did pre-takeover!

That's one stable genius, right there.

As Twitter's Revenue Collapses By 84%, Tesla Bulls Fear Elon Musk Will Liquidate More Tesla Stock, Bringing Its Value Down For Everyone

Elon Musk is facing serious financial problems with X, formerly known as Twitter. Since he bought the platform, its revenue has dropped by an incredible 84%,...

Yahoo Finance

@mike

For the Russian, Saudi, and Republican billionaire investors who invested in Twitter, it was money well spent.
https://disconnect.blog/roundup-who-helped-elon-musk-buy-twitter/

They lost billions in value, but feel they are on the cusp of ending American constitutional democracy permanently.
https://www.dw.com/en/what-do-xs-alleged-ties-to-russian-oligarchs-mean-for-musk/a-70088598

Elon Musk engaged in the largest election interference campaign in history on behalf of the richest despots on the planet.
https://www.newsweek.com/full-list-investors-elon-musks-x-revealed-court-filing-1942970

https://www.yahoo.com/news/russian-oligarchs-investments-elon-musk-194258467.html

https://news.bloomberglaw.com/us-law-week/musk-accused-of-7-5-billion-of-insider-trades-in-investor-suit

Roundup: Who helped Elon Musk buy Twitter?

Read to the end for one of the worst ideas Iโ€™ve ever heard

Disconnect

@Npars01 @mike

#X #TwitterTakeover #TwitterDemolition
#Elections2024
#ElectionInterference

Exactly.  #Elmo is carrying out "A controlled demolition" of #X (formerly #Twitter.)

I (and others) have been saying this since early 2023.
However, many saw (and still see) it as a "conspiracy theory". Alas, it clearly isn't, Nicole.

If it looks like a duck and quacks like a duck, it is a duck--here is the reason why, and it's not pretty:

https://mastodon.social/@HistoPol/110079043525873237

@HistoPol @mike

The best predictor of future behavior, is past behavior.

Musk fired the staff that made Twitter an effective social media platform.

Why would anyone shoot their own horse as they rode it?

Musk was paid by his investors to torch Twitter to thwart its use by democracies.

Musk intends America to have the same fate as Twitter.

Torched to the ground to benefit his patrons & investors.
https://www.theguardian.com/us-news/live/2024/oct/16/us-election-2024-donald-trump-kamala-harris-elon-musk-democrats-republicans

Trump stands by false claims about immigrants โ€“ as it happened

This blog is closed now, thanks for following along.

the Guardian
@Npars01 @HistoPol @mike You know a couple of years ago I probably wouldnโ€™t have boosted this. Things are really going downhill fast. Stunning and gut wrenching. ๐Ÿ˜ž

@Npars01

#X #Legal #InvestorsUnsealed

(I/n)

You're right, Nicole.
I think, however, there still is a hidden equally important agenda regarding the #TwitterDemolition, which most still fail to see:

https://mastodon.social/@HistoPol/111192410060940874

I can't prove it yet, OFC, but time will tell. #Bluesky inheriting most of the remaining #X users would just make so much sense.

Apart from the reasons named, #Elmo is still working towards the #EverythingApp, inspired by the #Chinese #WeeChat.
And if #China is...

@mike

@Npars01 @mike

#X #Legal #InvestorsUnsealed

(II/n)

...the role model, well nothing can beat the #Chinese #surveillance state.

It's all in the open, #Twitter's programming and infrastructure is way to much legacy and trying to move masses of people from one app to another is all but impossible due to the network lock-in effect, as Cory @pluralistic has been explaining.
A mature #Bluesky product and a quickly collapsing #X infrastructure...

@Npars01 @mike @pluralistic

#X #Legal #InvestorsUnsealed

(IIII/III)

...might just remedy that. All pieces of the puzzle would fall into place.

//

#X #Legal #InvestorsUnsealed

(1/n)

Via #JacobSilverman

"...itโ€™s important to know who the volatile owner of a major platform for public debate, political discourse, and government surveillance and information operations is working with โ€” who he [#ElonMusk] owes, who he listens to, and who might influence what happens on X."

"*We Got a Judge to Unseal a List of X's Shareholders*"

While the list is quite long, it is interesting to highlight some...

https://www.jacobsilverman.com/p/we-got-a-judge-to-unseal-a-list-of?ref=disconnect.blog

Cc @Npars01 @mike

We Got a Judge to Unseal a List of X's Shareholders

A federal judge agreed with me that knowing the identities of Elon Musk's investors is in the public interest.

Jacob Silverman

@Npars01 @mike

#X #Legal #InvestorsUnsealed

(2/n)

...of the investors [which IMO should often be called "co-conspirators,"] in particular the #Saudi crown prince, #MBS's role (see article).

"...The list #X filed with the court mentions 95 names and legal entities.

Some of them are familiar names for Musk-watchers:

#AndreessenHorowitz, 8VC, #JackDorsey, Ross Gerber, Draper Fisher Jurvetson, Sequoia, et al. There are 26 entries related to #Fidelity, the mutual fund colossus. Thereโ€™s...

@Npars01 @mike

#X #Legal #InvestorsUnsealed

(3/n)

...#LarryEllison, the #Oracle founder and one of the richest people in the world, along with #SeanCombs Capital (yup). Thereโ€™s #VyCapital, the #UAE-based venture capital firm, and something called #QTetris Holdings LLC, whose directors seem to be part of the #Qatari government. #Binance, the global crypto giant which recently paid a $4.3 billion fine to the #US government for facilitating money laundering by terrorist groups...

@Npars01 @mike

#X #Legal #InvestorsUnsealed

(4/n)

...and sanctioned entities, is listed an X investor. (#Binanceโ€™s CEO, #ChangpengZhao, pleaded guilty to money laundering violations and is finishing up a short stint in federal prison.)

There are two entries for Prince #AlwaleedBinTalal and another for his Kingdom Holding Company, which was the largest outside shareholder of #Twitter when it was a public company. Prince #Alwaleed briefly opposed #Muskโ€™s takeover โ€”...

@Npars01 @mike

#X #Legal #InvestorsUnsealed

(5/5)

...prompting some gentle sparring on #Twitter โ€” but he soon came around. Given #Saudi Crown Prince #MohammadBinSalmanโ€™s [#MBS] years-long crackdown against dissent and powerful businessmen and political rivals โ€” which included imprisoning and torturing hundreds of prominent #Saudis, including Prince Alwaleed, in Riyadhโ€™s Ritz Carlton hotel โ€” itโ€™s likely that #MBS controls those shares..."

Do read on:

https://www.jacobsilverman.com/p/we-got-a-judge-to-unseal-a-list-of?ref=disconnect.blog

//

We Got a Judge to Unseal a List of X's Shareholders

A federal judge agreed with me that knowing the identities of Elon Musk's investors is in the public interest.

Jacob Silverman