X is officially worth less than half of what Elon Musk paid for it
![](https://lemmy.world/pictrs/image/8f2046ae-5d2e-495f-b467-f7b14ccb4152.png)
![X is officially worth less than half of what Elon Musk paid for it](https://lemmy.world/pictrs/image/ac3340de-b87d-4dd5-a970-4d737524854b.jpeg?format=jpg&thumbnail=256)
theverge.com
A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.
Let's recap what he did to Twitter, I will go first:
- Changed the original name Twitter to X.
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It's because no other social media platform currently meets their requirements. Other platforms either functions significantly different from twitter or it lacks the reach that a politician needs in order for it to be worth their time.
“Worth their time” ? Copy\paste the text into Mastodon. Post Done
I can empathize with the reluctance to completely jump ship but it costs nothing (both money and time) to cross post to another platform.
Last time I was on mastodon during one of the many twitter migrations there was a long post saying that people should hold of on auto-blocking people that don't caption the images they post because new user haven't learned the cultural rules of mastodon. Is that a thing? I don't know, could be a particular part of mastodon, I don't know. Point is that serious public figures have been trained to be careful when adopting new social media.
yeah but nobody uses mastodon
Hi. Nobody here 👋 I enjoy Mastodon and although nowhere near the same engagement as Shitter, I enjoy the content more. Some people like different things