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It didn't collapse in the sense of ceasing to exist. It did collapse as a place where decent human beings cared to gather, and it lost over 75% of its market va

It didn't collapse in the sense of ceasing to exist. It did collapse as a place where decent human beings cared to gather, and it lost over 75% of its market value.

ern_ave 1y ago
[flagged]
- brookst 1y ago
  Private companies have valuations. Your can pedant on whether it’s appropriate to use the word “market”, but the fact is pretty well known. Musk paid $44B and it is generally considered to be worth less than $10B today[1], though his open participation in political corruption has resulted in valuations all over the map, including $44B[2]. It’s kind of Schroedinger’s valuation; if he and Trump are having a spat it’s worth less because there’s a risk Trump orders it shut down or seized or whatever, if he and Trump make up the company is a a part of the ruling party’s government apparatus. But as far as actual product value, outside of a clubhouse for red hats, it’s pretty close to zero. They have to literally sue companies to force them to advertise[3], which would be laughable if creeping fascism wasn’t so bad that it’s actually a successful strategy. Any attempt to claim free speech high ground while suing companies for declining to advertise is incredibly disingenuous. 1. https://www.theverge.com/2024/9/30/24258129/musks-44-billion-twitter-now-valued-at-just-9-4b-as-x https://www.theverge.com/2024/9/30/24258129/musks-44-billion... 2. https://www.theguardian.com/technology/2025/mar/19/value-elon-musk-x-rebounds-purchase-price https://www.theguardian.com/technology/2025/mar/19/value-elo... 3. https://www.npr.org/2025/02/01/nx-s1-5283271/elon-musk-lawsuit-advertisers-boycott-new https://www.npr.org/2025/02/01/nx-s1-5283271/elon-musk-lawsu...
  - ekianjo 1y ago
    > Private companies have valuations and they are usually massively off.
- epistasis 1y ago
  You are the one bringing politics into this, not the comment that you are falsely accusing of being politically motivated, with some sort of "free speech" nonsense and an image that has been filled with so many tweets that it's not even legible. Even collecting that image is odd and strange and shows highly politically motivated behavior on your part! Twitter's valuation with investors was based on the idea of heavy growth. It wasn't even profitable when purchased, and when it did make a profit, it was on the order of $1B/year, nothing that would validate it's market cap. Musk squashed all potential for growth. Twitter advertisers, users, and the hope of a brighter future are all gone now. A well-established brand has been abandoned for an amorphous X, on which it's pretty much impossible to establish a new brand. Musk has destroyed so value much from Twitter with bone-headed moves that if he had to answer to investors, he'd be out in a second.
  - blockmarker 1y ago
    [flagged]
    - epistasis 1y ago
      > You can zoom on the image and see the tweets. No, I literally can not. The interface of imgur does not allow zooming in to see what is in the Tweets! Collecting that many tweets into such a massive image is the behavior of a crazy person, likely motivated by crazy politics. I do not know what's in the Tweets that's supposed to be objectionable, but the obsessive collection of stuff like that, and spending the time to create such an unreadable way. > "If you care about what I say you are weird, and you care because you are an evil person" Who are you quoting? Who brought evil into this? Very weird thing to start your comment with, what is your point?
      - deleted 1y ago
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      - blockmarker 1y ago
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- DonHopkins 1y ago
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  - ern_ave 1y ago
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    - DonHopkins 1y ago
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      - deleted 1y ago
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- computerthings 1y ago
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lenkite 1y ago
> it lost over 75% of its market value. No longer true. In March 2025, X Corp. was acquired by xAI, Musk's artificial intelligence company. The deal, an all-stock transaction, valued X at $33 billion, with a full valuation of $45 billion when factoring in $12 billion in debt. Investor sentiment through secondary share trades still prices the company at $44 billion.
- disgruntledphd2 1y ago
  Well sure, but that was an inter-party transaction so basically valuations are irrelevant (unless they get sued, which probably won't happen unless the AI stuff collapses). To be fair, the banks did offload the debt at par (two years later) so some people think X/Twitter is worth some money.

It didn't collapse in the sense of ceasing to exist. It did collapse as a place where decent human beings cared to gather, and it lost over 75% of its market value.

ern_ave 1y ago

[flagged]

brookst 1y ago
Private companies have valuations. Your can pedant on whether it’s appropriate to use the word “market”, but the fact is pretty well known. Musk paid $44B and it is generally considered to be worth less than $10B today[1], though his open participation in political corruption has resulted in valuations all over the map, including $44B[2]. It’s kind of Schroedinger’s valuation; if he and Trump are having a spat it’s worth less because there’s a risk Trump orders it shut down or seized or whatever, if he and Trump make up the company is a a part of the ruling party’s government apparatus. But as far as actual product value, outside of a clubhouse for red hats, it’s pretty close to zero. They have to literally sue companies to force them to advertise[3], which would be laughable if creeping fascism wasn’t so bad that it’s actually a successful strategy. Any attempt to claim free speech high ground while suing companies for declining to advertise is incredibly disingenuous. 1. https://www.theverge.com/2024/9/30/24258129/musks-44-billion-twitter-now-valued-at-just-9-4b-as-x https://www.theverge.com/2024/9/30/24258129/musks-44-billion... 2. https://www.theguardian.com/technology/2025/mar/19/value-elon-musk-x-rebounds-purchase-price https://www.theguardian.com/technology/2025/mar/19/value-elo... 3. https://www.npr.org/2025/02/01/nx-s1-5283271/elon-musk-lawsuit-advertisers-boycott-new https://www.npr.org/2025/02/01/nx-s1-5283271/elon-musk-lawsu...
- ekianjo 1y ago
  > Private companies have valuations and they are usually massively off.
epistasis 1y ago
You are the one bringing politics into this, not the comment that you are falsely accusing of being politically motivated, with some sort of "free speech" nonsense and an image that has been filled with so many tweets that it's not even legible. Even collecting that image is odd and strange and shows highly politically motivated behavior on your part! Twitter's valuation with investors was based on the idea of heavy growth. It wasn't even profitable when purchased, and when it did make a profit, it was on the order of $1B/year, nothing that would validate it's market cap. Musk squashed all potential for growth. Twitter advertisers, users, and the hope of a brighter future are all gone now. A well-established brand has been abandoned for an amorphous X, on which it's pretty much impossible to establish a new brand. Musk has destroyed so value much from Twitter with bone-headed moves that if he had to answer to investors, he'd be out in a second.
- blockmarker 1y ago
  [flagged]
  - epistasis 1y ago
    > You can zoom on the image and see the tweets. No, I literally can not. The interface of imgur does not allow zooming in to see what is in the Tweets! Collecting that many tweets into such a massive image is the behavior of a crazy person, likely motivated by crazy politics. I do not know what's in the Tweets that's supposed to be objectionable, but the obsessive collection of stuff like that, and spending the time to create such an unreadable way. > "If you care about what I say you are weird, and you care because you are an evil person" Who are you quoting? Who brought evil into this? Very weird thing to start your comment with, what is your point?
    - deleted 1y ago
      [deleted]
    - blockmarker 1y ago
      [flagged]
DonHopkins 1y ago
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- ern_ave 1y ago
  [flagged]
  - DonHopkins 1y ago
    [flagged]
    - deleted 1y ago
      [deleted]
computerthings 1y ago
[dead]

lenkite 1y ago

> it lost over 75% of its market value. No longer true. In March 2025, X Corp. was acquired by xAI, Musk's artificial intelligence company. The deal, an all-stock transaction, valued X at $33 billion, with a full valuation of $45 billion when factoring in $12 billion in debt. Investor sentiment through secondary share trades still prices the company at $44 billion.

disgruntledphd2 1y ago
Well sure, but that was an inter-party transaction so basically valuations are irrelevant (unless they get sued, which probably won't happen unless the AI stuff collapses). To be fair, the banks did offload the debt at par (two years later) so some people think X/Twitter is worth some money.