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  1. Embed this notice
    David Chartier (chartier@toot.cafe)'s status on Wednesday, 03-Jan-2024 06:49:21 JST David Chartier David Chartier

    When was the last time a $44 billion acquisition lost **over two thirds of its value** in just over a year, and investors didn’t call for _multiple_ heads to roll? When. WHEN

    They wanted to destroy it. Him and all of his authoritarian investors. This was deliberate. https://www.theguardian.com/technology/2024/jan/02/x-twitter-stock-falls-elon-musk?CMP=Share_iOSApp_Other

    In conversation Wednesday, 03-Jan-2024 06:49:21 JST from toot.cafe permalink

    Attachments

    1. Domain not in remote thumbnail source whitelist: i.guim.co.uk
      Value of X has fallen 71% since purchase by Musk and name change from Twitter
      from https://www.theguardian.com/profile/adam-gabbatt
      Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios
    • AnthonyJK-Admin repeated this.
    • Embed this notice
      David Chartier (chartier@toot.cafe)'s status on Wednesday, 03-Jan-2024 06:49:17 JST David Chartier David Chartier
      in reply to
      • Kai Klostermann

      @OddDev Elon Musk bought Twitter with the help of multiple investors ranging from authoritarian countries (Saudi Arabia, China) to hedge funds.

      Twitter, despite its many faults, had become a powerful too for people to organize and fight back against many forms of oppression (Look up the 'Arab Spring' and many other protests)

      Most billionaires like Musk, and authoritarian countries like Saudi Arabia and China, do not like when regular people gain power.

      They bought Twitter to destroy it.

      In conversation Wednesday, 03-Jan-2024 06:49:17 JST permalink
    • Embed this notice
      Kai Klostermann (odddev@floss.social)'s status on Wednesday, 03-Jan-2024 06:49:18 JST Kai Klostermann Kai Klostermann
      in reply to

      @chartier ... So... what's happening?

      In conversation Wednesday, 03-Jan-2024 06:49:18 JST permalink
      AnthonyJK-Admin repeated this.
    • Embed this notice
      David Chartier (chartier@toot.cafe)'s status on Wednesday, 03-Jan-2024 06:49:19 JST David Chartier David Chartier
      in reply to

      And this applies doubly so to the tech journalists who keep interviewing his malicious ass and are like "gee wow you've lost a lot of value what do you think you'll do to try and recover this? Hehe awkward emoji"

      NOTHING. Nothing you damn sycophant. Get your head out of his ass, then get it out of your own (no I don't understand how the physics work and I don't care), and wake the fuck up to what's happening.

      In conversation Wednesday, 03-Jan-2024 06:49:19 JST permalink
      AnthonyJK-Admin repeated this.
    • Embed this notice
      David Chartier (chartier@toot.cafe)'s status on Wednesday, 03-Jan-2024 06:49:21 JST David Chartier David Chartier
      in reply to

      If you still, **STILL** think this was just a billionaire bumbling around not knowing what he was doing, with authoritarian investors backing him up to the tune of BILLIONS OF DOLLARS OF INVESTMENT, and none of them have tried to fucking assassinate him, never mind just remove him from power (which they haven't), I have a bridge to sell you.

      No, I have a gaggle of bridges to sell you.

      No, I have an entire planet's worth of gaggles of bridges to sell you.

      In conversation Wednesday, 03-Jan-2024 06:49:21 JST permalink

      Attachments

      1. Domain not in remote thumbnail source whitelist: you.No
        YouBrands
      AnthonyJK-Admin repeated this.
    • Embed this notice
      HistoPol (#HP) 🏴 🇺🇸 🏴 (histopol@mastodon.social)'s status on Wednesday, 03-Jan-2024 09:30:51 JST HistoPol (#HP) 🏴 🇺🇸  🏴 HistoPol (#HP) 🏴 🇺🇸 🏴
      in reply to
      • Dave Troy :toad:

      @chartier

      This is absolutely true. @davetroy led the way in November, 2022 (no typo!)

      Here's the deal from my point of view:

      https://mastodon.social/@HistoPol/110079043525873237

      In conversation Wednesday, 03-Jan-2024 09:30:51 JST permalink
    • Embed this notice
      AnthonyJK-Admin (anthonyjk@mastodon.redgarterclub.com)'s status on Wednesday, 03-Jan-2024 11:29:34 JST AnthonyJK-Admin AnthonyJK-Admin
      in reply to
      • Kai Klostermann

      @chartier @OddDev

      I absolutely agree....MusKKKrat didn't buy Twitter merely to transform it into his own personal Gab/Parler/TruthSocial; he bought it because conservatives and bigots like him were being challenged and called out by regular people, and because he wanted to kill off all criticism of him and his wingnut TechBros.

      In conversation Wednesday, 03-Jan-2024 11:29:34 JST permalink
    • Embed this notice
      feld (feld@bikeshed.party)'s status on Thursday, 04-Jan-2024 01:48:34 JST feld feld
      in reply to
      @chartier > **over two thirds of its value**

      perceived value. It's not like they were sitting on $44B cash
      In conversation Thursday, 04-Jan-2024 01:48:34 JST permalink
    • Embed this notice
      Sexy Moon (moon@shitposter.club)'s status on Thursday, 04-Jan-2024 06:08:22 JST Sexy Moon Sexy Moon
      in reply to
      • accretionist
      • Kai Klostermann
      @accretionist @chartier @OddDev was losing 70% of its valuation part of their plan to not kill it
      In conversation Thursday, 04-Jan-2024 06:08:22 JST permalink
    • Embed this notice
      accretionist (accretionist@techhub.social)'s status on Thursday, 04-Jan-2024 06:08:23 JST accretionist accretionist
      in reply to
      • Kai Klostermann

      @chartier @OddDev

      they did not buy twitter to destroy it

      look at trump's rise on twitter: they want to turn a tool that sparked the arab spring into a tool to kill western democracy

      and its current status indicates they are successfully doing that

      so it's our job to abandon twitter

      twitter won't die financially. authoritarian countries will prop it up forever. until twitter ceases to be a valuable commodity for their troll farm efforts. and that depends upon us leaving it

      In conversation Thursday, 04-Jan-2024 06:08:23 JST permalink

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