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I assume the great majority of the loss is from some really stupid Banks that backed Elonturds purchaseGreat job Elon
Twitter's value in freefall: Fidelity cuts estimate by whopping 79%
Fidelity slashes X's value by 79% since Musk's $44B purchase. New estimate puts Twitter's worth at just $9.4 billion.boingboing.net
Unlikely. I mean the banks are probably taking a loss if those valuations are correct unless they secured their loans with other collateral like Tesla stock. But equity always gets wiped out before debt.I assume the great majority of the loss is from some really stupid Banks that backed Elonturds purchase
Not sure bin Talal is a loser. I mean yeah he lost money, but he helped buy a legitimatized platform that the Saudi government could likely get unfettered access to. He didn't lose money, this was opportunity cost for the House of Saud.Twitter losers
Elon Musk
Investment: $33.5 billion commitment, consisting of Tesla shares and his own wealth, along with co-investors, including those listed below.
2024 value: $9.38 billion
Difference: -$24.12 Billion
Prince Alwaleed bin Talal (and Kingdom Holding Co.)
Investment: $1.89 billion
2024 value: $529.2 million
Difference: -$1.36 billion
Jack Dorsey
Investment: $1 billion
2024 value: $280 million
Difference: -$720 million
Larry Ellison, Oracle co-founder and board chairman
Investment: $1 billion
2024 value: $280 million
Difference: -$720 million
Sequoia Capital
Investment: $800 million
2024 value: $224 million
Difference: -$576 million
I can't fathom why good people don't immediately discontinue any involvement with him or his companies.He's so fucking awful
The fact that my solar company put a Tesla battery in our system hurts my soulI can't fathom why good people don't immediately discontinue any involvement with him or his companies.
I instinctively sneer at Teslas (which means I sneer a lot), though heartily laugh at cyber trucks.I can't fathom why good people don't immediately discontinue any involvement with him or his companies.
He really is pretty terrible but he does have some great companies. SpaceX is about half the cost of Boeing's equivalent rocket. Boeing was bilking taxpayers for forever until a serious competitor got into the game.I can't fathom why good people don't immediately discontinue any involvement with him or his companies.
Something about the South African take over of the Republican party along with the proud boys and the rest who want a minority rule of white folks. Musk, Thiel and the Qanon guy were teenagers in South Africa when apartheid ended and were part of the great white escape from Mandela's new government.He really is pretty terrible but he does have some great companies. SpaceX is about half the cost of Boeing's equivalent rocket. Boeing was bilking taxpayers for forever until a serious competitor got into the game.
The competition has caught up with their electric car offerings but Tesla still has the best self-driving technology out there And without Musk, I don't think we see the big companies introducing things that would replace greenhouse gas spewing cars anytime soon.
Starlink is a terrific way to get an internet service to people that usually can't have it.
I actually forgot this but Musk co-founded open AI which really gave us the first widespread consumer focused AI platform with ChatGPT.
And as much as folks complain about the Twitter, we all love nyc's posts which are all Twitter. It's a great platform for spreading information.
I think people use his companies because he's been involved with some pretty great companies.
And I don't give a shit about any of it. Well meaning people should abandon anything and everything having to do with him as soon as reasonably possible. He's a cancer on humanity.He really is pretty terrible but he does have some great companies. SpaceX is about half the cost of Boeing's equivalent rocket. Boeing was bilking taxpayers for forever until a serious competitor got into the game.
The competition has caught up with their electric car offerings but Tesla still has the best self-driving technology out there And without Musk, I don't think we see the big companies introducing things that would replace greenhouse gas spewing cars anytime soon.
Starlink is a terrific way to get an internet service to people that usually can't have it.
I actually forgot this but Musk co-founded open AI which really gave us the first widespread consumer focused AI platform with ChatGPT.
And as much as folks complain about the Twitter, we all love nyc's posts which are all Twitter. It's a great platform for spreading information.
I think people use his companies because he's been involved with some pretty great companies.