According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion

Bernie Ecclestoned@sh.itjust.works to Technology@lemmy.world – 1262 points –
According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion
finance.yahoo.com
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No tears shed here. The people who built Twitter got a nice payout when they absolutely robbed Elon Musk in that deal. Anyone who chose to stay on the Elon train after his first weeks at the helm gets no sympathy from me.

Anyone who chose to stay on the Elon train after his first weeks at the helm gets no sympathy from me.

Except for the green card holders whose residency in the US was literally held hostage by Elon.

Pretty sure they were held hostage by the US government policy of getting deported if they lose their job.

Xitter was just a vessel on which that was presented.

Okay yeah one tear for them and the special hell they are in.

A lot of people say this, but there seems to be almost zero effort being put into resolving many of the systemic issues with the US visa system.

As a British person in tech, I'd love to work in the US for a year or two, but I have zero intention of dealing with the shitshow that is visa slavery in big tech, and how the visa system is lop-sided to deal with 2-3 countries and a handful of companies over others. In the UK, it's much simpler to offer visas to Americans, and even mid-sized companies can sponsor visas.

Facts.

Elon tried so hard to back down from that deal. I'm not sure why it took actually signing that deal to realize he had been hosed.

If I was an executive at twitter, I would have absolutely done everything possible to get Elon to pay that $44 billion.

Elon: Fuck you Twitter!

Twitter: Fuck yourself, Elon!

Elon: Oh yeah? Maybe I’ll just BUY you.

Twitter: Ha! No you can’t….

Elon: No? Watch this!

Twitter: Gotcha, dipshit.

Elon: What? Wait no!

Twitter: Ahem… judge?

Judge: They got you, dipshit.

Elon: (unbans Trump) Nyah-Nyah!

Twitter: Ahahahaha (all the way to the bank)

Elon: Everyone see this? This is the ADL’s fault!

They robbed Elon in the deal? They accepted his deal. He robbed himself!

The only people there that get sympathy from me are the people trapped there on work visas if they want to legally remain in the USA.

The rest are either shit workers that can't make the cut elsewhere, or bought into the Elon hype and are a lost cause.