this post was submitted on 31 Oct 2023
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Technology

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[–] net00@lemm.ee 13 points 2 years ago* (last edited 2 years ago) (1 children)

I thought elon was supposed to be smart

[–] bender223@lemmy.today 5 points 2 years ago* (last edited 2 years ago)

When will these eLon simps finally admit to themselves that the person they've been idolizing is a dumb bitch?

[–] rsuri@lemmy.world 12 points 2 years ago* (last edited 2 years ago)

That's what X is valuing itself at, not what it's worth. We'll get a better sense of what it's worth when it goes back on the market or goes bankrupt, whichever happens first. Right now I have a hard time imagining anyone would pay that much for it. For context Snapchat, which has had a lot more success with advertising lately, is worth about $16 billion.

[–] netwren@lemmy.world 10 points 2 years ago (3 children)

Is this just part of the playbook for him to not have to pay taxes by saying he lost all his money??

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[–] Fedizen@lemmy.world 9 points 2 years ago (1 children)

what is the tech angle here?

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[–] tacotroubles@lemmy.world 7 points 2 years ago

If it keeps trajectory ill be able to afford the whole of twitter

[–] clot27@lemm.ee 7 points 2 years ago

I am so happy for that🥰

[–] circuitfarmer@lemmy.sdf.org 7 points 2 years ago

A job creator at work. What an impressive sight.

[–] TWeaK@lemm.ee 6 points 2 years ago

Is that before or after you factor in the $13 billion debt it took on to buy itself on Musk's behalf?

[–] lorez@lemm.ee 6 points 2 years ago

Works hard to forward his companies like X which lost billions in value cos of his stupidity? Where's his Hyperloop? I wouldn't buy a Tesla if it were the only car in existence. I'm even tired of his name.

[–] set_secret@lemmy.world 5 points 2 years ago

sound investment

[–] burliman@lemm.ee 5 points 2 years ago (1 children)

Does Musk have a short position we don’t know about?

[–] kale@lemmy.zip 5 points 2 years ago

He took it private so, although there can be shares, they aren't traded on the open market. So no positions to short.

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