this post was submitted on 30 Sep 2024
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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] finitebanjo@lemmy.world 21 points 1 month ago (1 children)

I doubt anybody would buy it for a tenth, tbh.

[–] UnderpantsWeevil@lemmy.world 1 points 1 month ago (1 children)

I'm confident you could unload the property for $4B easily enough. That's somewhere in the neighborhood of $10-100/unique user amortized out over the life of the loan, which would be a steal via any other advertising medium.

Twitter still has real value. Hundreds of millions of people still use it, even in its deplorable state. And under new management, I'm confident people would flood back in.

[–] finitebanjo@lemmy.world 1 points 1 month ago (1 children)

You would have to prove that the hundreds of millions who use it are "people".

[–] UnderpantsWeevil@lemmy.world -1 points 1 month ago (1 children)

Empty Internet Theory is a clever joke, but it doesn't hold up under scrutiny.

[–] finitebanjo@lemmy.world 1 points 1 month ago* (last edited 1 month ago) (1 children)

FaceBook deleted 6.5 BILLION BOTS IN 2021.

[–] UnderpantsWeevil@lemmy.world -1 points 1 month ago (1 children)

Neither Facebook nor Twitter claimed 6.5B unique users.

[–] finitebanjo@lemmy.world 1 points 1 month ago (1 children)

Well then FB lied about it at this link HERE

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

They can delete 6.5 billion accounts without claiming they are active users.