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Elon Musk admits X 'may fail, as so many have predicted' (www.businessinsider.com)

submitted 1 year ago by gsa4555@lemm.ee to c/technology@lemmy.world

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[–] deft@ttrpg.network 34 points 1 year ago (4 children)

genuinely convinced he may have intentionally destroyed twitter to make the next presidential campaign operate on a different field.

sounds crazy but without twitter or reddit, how do "the youth" communicate? tiktok? insta?

[–] LostMyRedditLogin@lemmy.world 45 points 1 year ago

There's no reason to speculate his motives. It's obvious he didn't want to buy Twitter when he was forced by courts to buy it. He was being an idiot trying to manipulate the stock price. I know it's hard to believe a multi-billionaire can be an idiot, but it happened. There's no 4d chess move. Rich people are fallible as everyone else.

[–] Sodis@feddit.de 30 points 1 year ago (3 children)

Big parts of the youth did not use twitter. Twitter had at its peak about 500mio active users. Instagram has 2.4 billion, tiktok 1 billion, snapchat 750mio. The relevancy of twitter is highly skewed, because the media used it a lot.

[–] Wisely@lemmy.world 11 points 1 year ago

Wow crazy that so many people use those social media platforms. I have never used any of them.

[–] magic_lobster_party@kbin.social 3 points 1 year ago

I mainly use Snapchat just to keep the pointless streaks going. Never seen an ad in Snapchat for years.

[–] phillaholic@lemm.ee 7 points 1 year ago

I'd say that's stupid, but so is every other idea he comes up with for it so who knows.

[–] cjsolx@lemmy.world 7 points 1 year ago (1 children)

Would that have been worth $44b?

[–] FlyingSquid@lemmy.world 12 points 1 year ago (1 children)

It wasn't worth that much when he bought it. At most, it was worth half that. One of the many reasons why Musk is a fucking moron.

[–] ours@lemmy.film 6 points 1 year ago

It doesn't help making an offer that was too high just so he could make a silly "420" joke.