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Fidelity has cut its estimate of X's value by 79% since Musk's purchase
- timeon 2y agoPurchase was not economical decision but political one.
- taylodl 2y agoWhat political decision influenced the purchase? What would have been the expectations of such a purchase?
- toomuchtodo 2y agoHe bought a capability, not a business, to control the narrative and the forum to shape discourse and the zeitgeist. Is he getting enough ROI before he's forced to divest more Tesla stock and the X fundamentals further degrade? Too early to tell.
- taylodl 2y agoThank you for sharing that perspective. I'd never heard it put that way before and this makes it crystal clear what Musk was trying to accomplish. It also explains why Musk seemingly doesn't care about "the numbers." Thanks!
- toomuchtodo 2y agoWealth, status, power, in that order, is usually the ladder and lens to use when understanding these issues and motives.
- belter 2y ago"A day in Elon Musk’s mind: 145 tweets with election conspiracies and emojis" - https://www.theguardian.com/technology/2024/sep/14/elon-musk-tweets-trump-conspiracy https://www.theguardian.com/technology/2024/sep/14/elon-musk...
- cafard 2y agoPolitical one or ego one?
- JohnFen 2y agoLet's not forget that he didn't want to buy Twitter. He was using the threat in order to try to bully Twitter's board. They called his bluff and forced him to go through with it at an absurdly inflated price.
- deleted 2y ago[deleted]