But Elmo is a genius, how can this be? Must be woke cancel culture /s
HorrorHistorical7528 on
no violin small enough
whiskeytown2 on
LOLOL
Get fuk’d Elon
Thirstyass73 on
Below 10 Billion, so like maybe 4ish?
4non3mouse on
10 bil seems generous at this point tbh
mypoliticalvoice on
Brilliant businessmen like Trump and Elmo want to run the US government like a business. One of *their* businesses, that is.
Westovich on
Bellow the fires of a shitty stock!
spaceraingame on
From a business perspective, it’d make sense for someone like Mark Cuban to acquire X for $10 billion, change it back to Twitter, undo all the other changes Elon made and re-sell it back to the original owners for close to its original $44 billion value. That might be the easiest way to make $30B+.
AvailableAd7874 on
He can actually compete with Trump for having the shitiest social media platform in world
4sOfCors on
He will sue Fidelity now
phthalo-azure on
This highlights how awful and manipulable the whole mark-to-market accounting system is. There’s absolutely zero chance the actual value of the company is $10 Billion, but since Fidelity has a small ownership stake, they get to lie about how much it’s worth.
Ill-Abbreviations-83 on
Shame.
poopiedokie420 on
That’s some loss
imaybeacatIRl on
Why are people still on Twitter? It’s literally a toxic cesspool.
Sgt_Fox on
“Below $10 billion”
Yeah, there are 9,999,999,999 digits below 10B. My guess, since it was worth about 10B when he bought it is that “below 10B” is the in club polite way of them saying it’s tanked hard the a fraction on that
splycedaddy on
Tbh he bought twitter for its influence not its monetary value. Every time his company’s name is used he gets free press. No matter the “value” it may well end up as his best buy
notloggedin4242 on
All of you celebrating Elmo having lost 35 billion (whatever losing 35BILLION even means) are forgetting that he is on the fast track to becoming i TRIllionaire soon.
He swings 20 billion regularly without the world really noticing for more than a couple of days.
Don’t get me wrong, his taking a loss is good I guess but I don’t think you can say he’s losing.
ColoRadBro69 on
I feel like that’s way too much for a company that can’t make a profit and has insane debt payments.
DankStew on
X becomes ex
Sumcracker on
It’s actually a private company now and not publicly traded so…… who cares what they say 🤣
demagogueffxiv on
I mean who could have thought the guy who buys an iconic website that’s name is used as a verb and then decides to rename it to “X” would be a bad businessman?
tonyislost on
Go Koch Go Broke
liamanna on
$56 billion too late 🤦♂️
greenmoustache on
Still way too high
New-Book6302 on
It’s value will skyrocket once Rump goes back in power and X becomes with only authorized state controlled source of Media.
Obvious_Interest3635 on
Thing will be an afterthought in 2 years.
jcooli09 on
Bots are more valuable than I thought.
Mysterious-Tie7039 on
When do the creditors come calling?
Can’t wait for Elmo to have to dump Tesla stock.
Paul-Smecker on
As long as Elon convinces you an asset tax or a tax on unrealized gains is bad twitter could go to $0 and it would still be worth it.
KrazyCamper on
The company was never worth 44 billion thats why Elon forced to buy it because it was such an outrageous offer the twitter board had no choice but to accept and sue him if he tried to weasel out. They are basically saying it’s worth around what it was when Elon bought it but even that is probably being generous with the loss of advertising.
big_dog_redditor on
Only fucking idiots use Twitter. We all know Reddit users are way smarter.
EnglishDutchman on
Following Trump media down to absolute zero I see. Why anyone is still on Twitter is a fucking mystery.
36 Comments
Get. Off. X. Now.
0, here we come.
But Elmo is a genius, how can this be? Must be woke cancel culture /s
no violin small enough
LOLOL
Get fuk’d Elon
Below 10 Billion, so like maybe 4ish?
10 bil seems generous at this point tbh
Brilliant businessmen like Trump and Elmo want to run the US government like a business. One of *their* businesses, that is.
Bellow the fires of a shitty stock!
From a business perspective, it’d make sense for someone like Mark Cuban to acquire X for $10 billion, change it back to Twitter, undo all the other changes Elon made and re-sell it back to the original owners for close to its original $44 billion value. That might be the easiest way to make $30B+.
He can actually compete with Trump for having the shitiest social media platform in world
He will sue Fidelity now
This highlights how awful and manipulable the whole mark-to-market accounting system is. There’s absolutely zero chance the actual value of the company is $10 Billion, but since Fidelity has a small ownership stake, they get to lie about how much it’s worth.
Shame.
That’s some loss
Why are people still on Twitter? It’s literally a toxic cesspool.
“Below $10 billion”
Yeah, there are 9,999,999,999 digits below 10B. My guess, since it was worth about 10B when he bought it is that “below 10B” is the in club polite way of them saying it’s tanked hard the a fraction on that
Tbh he bought twitter for its influence not its monetary value. Every time his company’s name is used he gets free press. No matter the “value” it may well end up as his best buy
All of you celebrating Elmo having lost 35 billion (whatever losing 35BILLION even means) are forgetting that he is on the fast track to becoming i TRIllionaire soon.
He swings 20 billion regularly without the world really noticing for more than a couple of days.
Don’t get me wrong, his taking a loss is good I guess but I don’t think you can say he’s losing.
I feel like that’s way too much for a company that can’t make a profit and has insane debt payments.
X becomes ex
It’s actually a private company now and not publicly traded so…… who cares what they say 🤣
I mean who could have thought the guy who buys an iconic website that’s name is used as a verb and then decides to rename it to “X” would be a bad businessman?
Go Koch Go Broke
$56 billion too late 🤦♂️
Still way too high
It’s value will skyrocket once Rump goes back in power and X becomes with only authorized state controlled source of Media.
Thing will be an afterthought in 2 years.
Bots are more valuable than I thought.
When do the creditors come calling?
Can’t wait for Elmo to have to dump Tesla stock.
As long as Elon convinces you an asset tax or a tax on unrealized gains is bad twitter could go to $0 and it would still be worth it.
The company was never worth 44 billion thats why Elon forced to buy it because it was such an outrageous offer the twitter board had no choice but to accept and sue him if he tried to weasel out. They are basically saying it’s worth around what it was when Elon bought it but even that is probably being generous with the loss of advertising.
Only fucking idiots use Twitter. We all know Reddit users are way smarter.
Following Trump media down to absolute zero I see. Why anyone is still on Twitter is a fucking mystery.
ElOn Is A gEnIuS bUsInEsSmAn