Value of X has fallen 71% since purchase by Musk and name change from Twitter
www.theguardian.com
Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios

Find the value of X. nerd

The number of monthly users of X dropped by 15% in the first year since Musk’s takeover amid concerns over a rise in hate speech on the platform.

It really is slowly dying.

  • DamarcusArt@lemmygrad.ml
    ·
    11 months ago

    I'm more stunned that they let him get away with it. Mind blowing that multiple major governments and major corporations use twitter as their primary communication/propaganda tool and Musk was just allowed to tank it like this. This is some real Hapsburg shit.

    • RyanGosling [none/use name]
      ·
      11 months ago

      He also allows a bunch of the west’s enemies onto twitter so he’s making the propaganda war a lot more difficult for literally no reason other than contrarianism. Also, the unmoderated check marks

    • FALGSConaut [comrade/them]
      ·
      11 months ago

      I still can't get over the fact that governments use Twitter as a primary method of communication and information distribution during a disaster. The first that comes to mind is the RCMP using it instead of the actual emergency alert system to warn people about the 2020 Nova Scotia shooting spree. They could have prevented multiple murders had they warned people to stay inside, but they only announced the active shooter on their twitter which only had something like 5% of the province following it

    • Justice@lemmygrad.ml
      ·
      11 months ago

      Run away liberalism on display

      "We value his rights as a property owner! 🤓"

      "It would be more wrong of us to force companies to comply with national interests rather than nations complying with corporate interests! 🤓"

      "Surely multinational corporations are loyal to their nations of origin and wouldn't sell out immediately for even a slight promise of profit! 🤓"

      Just further proof that the US is not a country or nation really. Just a collection of corporations fighting each other for the drying up crumbs. Such a weak and ineffective state apparatus that it can't even begin to imagine the thought of seizing assets like Twitter even under the guise of (somewhat) legitimate "national interests." Or just creating a direct exact-copy of Twitter run and funded by some government agency. Which under US gov control, don't get me wrong, would still suck. They'd cut corners and also self-cuck by allowing Nazis on and shit.

      Probably the best they could do is forcefully seize it from Musk (I'd say pay him nothing and if he whines start the process to undo his naturalization but hey I'm a petty asshole to other assholes) and put it into some sort of privately run, state regulated, state funded department which isn't beholden to any stupid shit like legal obligations to let Nazis speak but also has a proper verification system (kinda like the old one, but better. maybe yoink the marker if someone is inactive for long periods or changes careers). Basically recreate Twitter, but a semi-nationalized version of it. The same should happen to Facebook and probably honestly reddit at this point.

      All these social media sites have blown up and become far more than places to post your lunch and anonymously tweet that you hate your husband. Regulations were never in place to prevent all this centralization (and realistically, won't be in place. None of what I typed is likely to ever happen, very sadly)

    • HumanBehaviorByBjork [any, undecided]
      ·
      11 months ago

      i mean it doesn't provide a service so much as maintain a monopoly on official communications. i'm sure all these institutions were much happier when they could just send out a press release and journalists would report on it