Just like Trump, Musk Touch Turns Twitter to SHIT!

[Truman62]

Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity. More recently, he said Twitter is worth less than half what he paid for it. It’s unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from the company.

Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.

Twitter has struggled financially since Musk took over. After saddling the company with $13 billion of debt, Musk’s erratic decision making and challenges with content moderation led advertising revenue to decline by 50%, Musk said in March. An attempt to recoup that revenue by selling Twitter Blue subscriptions has so far failed to take off. At the end of March, less than 1% of Twitter’s monthly users had signed up.

Twitter didn’t specifically respond to a request for comment.

Musk’s investment in Twitter is now worth $8.8 billion, according to the Bloomberg Billionaires Index, which uses Fidelity’s valuation to calculate the value of his holding. Musk spent more than $25 billion to acquire an estimated 79% stake in the company last year.

https://www.yahoo.com/finance/news/twitter-now-worth-just-33-185709652.html

Musk, and Trump, do a GREAT job DESTROYING Companies!

After destroying the American Economy, the MAGA Trumpers want Trump back as our President?

Oh God, Save Us!

[Truman62]

What Musk did to Twitter is a GOOD thing, in the mind's of MAGA Trumpers.

[gwboolean]

You failed to mention how the inbred Republican N Word monkeys are responsible for every penny of the over $30 Trillion deficit and the over $2 trillion a year that keeps on being added to it.

[Truman62]

Indeed.  Maga Trumpers are ignoring Musk's Twitter Disaster like the plague.

[Dan]

Just like Trump, Musk Touch Turns Twitter to SHIT!

Wait.  If Trump turned Twitter to shit, Twitter was already shit before Musk bought it.  So how could Musk TURN it to shit when it was ALREADY shit when he bought it?

You’re not making any sense, Welsher62.

[gwboolean]

Destroyed Dan appears to be confused.  A vast improvement from his usual state of ignorance and stupidity.  But far short of even imbecilic.

[Truman62]

For ALL your talk of intelligence, you sure do act DUMB a lot, Dan.

[Dan]

Really?  How so?  Did I say I was intelligent?  Or did you lie?  You just deduced I am intelligent?

How am I a dumb idiot?  All I did was question your flawed claim.

[Truman62]

You SAY your intelligent.

So far the ONLY intelligence you have is being able to say the word.

You NEVER explain, and you NEVER have sources.
You are the King of Denial and use deflection prodigiously.
Yet you NEVER back up anything you say, except to say you did that earlier, but you didn't.

So there's NOTHING on this board to indicate you are intelligent, except for you.

[WWV10MHZ]

[Dan]

You SAY your intelligent.

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No I don't.  You just assumed I am.

You NEVER explain, and you NEVER have sources.

Do you know the definition of 'never?"

You are the King of Denial

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You are the king of lies.  So what did you expect me to do?

Yet you NEVER back up anything you say

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Liar.

So there's NOTHING on this board to indicate you are intelligent, except for you.

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So I am the evidence of my intelligence?  That's what you're saying?


I'll tell you what, anytime you want to have an intelligence contest, let me know.

[wvit1001]

dan just blabbers shit instead of discussing the topic.