5 ms·
Those valuations are all bs though. They are hinged on traffic estimates and ad revenue. X is clearly worth a lot more than just it's revenue would indicate.
by Alupis 2y ago
Those valuations are all bs though. They are hinged on traffic estimates and ad revenue.
X is clearly worth a lot more than just it's revenue would indicate.
What is the most influential social media site worth? Perhaps all of the money in the world...
- bdangubic 2y agoX is now state-sponsored media, not social media. it provides political echochamber for some portion of the population and nothing more than that any longer
- wyclif 2y agoEvery social media platform is, to some degree, an echo chamber. See Bluesky or Mastodon.
- bdangubic 2y agoneither is owned by a man deciding who can say what on the platform :)
- squarefoot 2y agoAnd forces his posts also on people not wanting to follow him.
- motorest 2y agoAnd whines/threats competing social networks when users post content critical of him and organize themselves to not share Twitter links.
- ck2 2y agoNo other platform looks this bad https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:y5xyloyy7s4a2bwfeimj7r3b/bafkreihuamazhsgewbxcg5fyqw4akvjaspyqz7cmhpdhyztg7fon5t7v5y@jpeg https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:y5xyloy... Where are the advertising dollars coming from on that horror show Certainly not $45 BILLION of income over even a century
- bdangubic 2y agothe one way you can look at $45bn is ability to buy election(s). as long as there are enough sheep orbiting that platform the value is there - in buying election(s)
- billy99k 2y ago[flagged]
- zombiwoof 2y ago[flagged]
- kelnos 2y agoExtensively debunked; please stop spreading misinformation.
- NitpickLawyer 2y ago> Extensively debunked; Didn't zuck literally say that? How's that debunked?
- bdangubic 2y agowait till january of 2029 and see what zuck will say about trump. or see what he said in 2021… zuck etc will suck dick to whomever is at the helm. come 2029 he’ll re-introduce gender menu with 365 options so we can switch gender each day of the year and will proclaim that 99% of new hires will be “DEI” hires to beat Trump administration previous record of “98% DEI hires” (and rising)…
- NitpickLawyer 2y agoOh, I have no doubts about that. But that's not what missinformation is, IMO. You and I have no way of knowing if what zuck said in that instance is true or not, like a million other things CEOs say. You can't "trust" them when it suits your narative, but say it's missinformation when it doesn't.
- AnthonyMouse 2y agoIsn't that actually the point? Megacorps like Zuck's are beholden to the government to not break them up or pass laws they don't like, so they bend the knee whenever it's users or free speech taking the hit. Evidence of this not happening would be a non-corrupt government that breaks up the companies or repeals the laws that prop up their market dominance instead of every administration taking them up on the quid pro quo. To prevent this you need social media to not have central gatekeepers in a position to censor things to begin with.
- cyanydeez 2y agoX is worth whatever a state backed media is worth. If fascism in america succeeds, yeah, sure it's zillions of dollars. But you'd have to be on the side of fascists to believe that.
- pclmulqdq 2y agoWell, I would have suggested that you put your money where your mouth is and buy out Fidelity et al, but it looks like you're off the hook for that statement. However, secondary markets for these megacorps are relatively liquid, so the valuations are not actually completely baseless.