Technology

59377 readers

4005 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

1118

Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)

submitted 1 month ago by GeneralInterest@lemmy.world to c/technology@lemmy.world

196 comments fedilink hide all child comments

"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

you are viewing a single comment's thread
view the rest of the comments

[–] mynameisigglepiggle@lemmy.world 20 points 1 month ago (5 children)

Meanwhile he is on track to become the world's first trillionaire

I think the purchase was more about welding power than any financial gain

[–] dabaldeagul@feddit.nl 17 points 1 month ago

He tried to back out, I don't think any of this was about anything. He's just a dick with a weird sense of humor.

[–] KingThrillgore@lemmy.ml 7 points 1 month ago

First step to becoming a billionaire: start with 1 trillion

[–] Ilovethebomb@lemm.ee 4 points 1 month ago

Hasn't his wealth kinda flatlined lately though? X is doing terribly, Tesla is struggling a bit, I think SpaceX is at least doing well.

I don't think he's going to be a trillionaire any time soon.

[–] jaemo@sh.itjust.works 3 points 1 month ago (1 children)

Now, call me crazy, but if I was optimizing for maximum welding power, I'd start with oxy acetylene and at least try a few other options. How would buying a website even be a good start?

No wonder people are making fun of him!

[–] mynameisigglepiggle@lemmy.world 1 points 1 month ago

He needs all the welding power he can get to keep the Tesla's held together

[–] Another_earthling@lemmy.world 2 points 1 month ago

Would you not agree that he has a tool of influence with X? I see that as the main aspect of why you'd still buy twitter, even though he knew he wouldn't earn money with that.