this post was submitted on 04 Sep 2025
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If you ever needed proof that people/companies worth lots of money didn't earn it, you can look at twitter as a great example. He pretty much did everything wrong. Massively overpaid for it, lowered the companies valuation significantly, lost a lot of users, advertisers etc.
Somehow it still exists and is relavent and hadn't hurt musks wealth.
He's lost billions, I'm not sure what gave you that idea.
And I've noticed X being referenced in news articles etc far less than it used to be, and Bluesky being referenced far more. The platform has definitely lost relevance.
Oh, definitely. But to say he hasn't lost money is just wrong.
He lost money but this didn't impact him. His life style or anything. 20 billion is nothing for him.
Yeah, I guess it's not clear, but I didn't mean he literally lost zero dollars, I mean his "worth" essentially hasn't changed. The numbers moved a bit, but otherwise it's business as usual
Twitter used to be a very effective tool for spreading information (good or bad). It was often used by people protesting against their governments to organize gatherings, events and all sorts of stuff.
Then coincidentally when the USA desperately needs something like that, it is no longer around.
BlueSky
Twitter isn't even an open platform anymore since Musk took over, which completely defeats the purpose of this application—if you need an account to see content, it's hard to say that it's still a platform for public statements, since the content simply isn't publicly available anymore.