Today, investors in 'X' (Twitter) see their investment reduced to 79% of its value before Musk bought it. From . . .
Elon Musk’s X Is Now Worth Around A Fifth Of The $44 Billion He Paid For It, Fidelity Says by Forbes online magazine (Sept 30, 2024)
https://www.forbes.com/sites/tylerroush … lity-says/
Key Facts
** Fidelity’s stake in X is now worth about $4.19 million, an estimate that values X at $9.4 billion, according to recent disclosures from Fidelity.
** Fidelity’s initial $19.6 million holding from before Musk purchased X in October 2022 has been reduced by nearly 79% as of the end of August, the company said.
** The investment firm has reduced the value of its stake multiple times this year: Fidelity marked down the value of its shares by 10.2% in January and another 5.7% in February, despite increasing its estimates by 11% in December.
** X did not immediately respond to a request for comment from Forbes.
Also, Truth Social sees a downward trend in valuation. From . . .
Donald Trump has lost $4 billion in wealth amid bumpy ride for Trump Media & Technology Group by CBS News (Sept 11, 2024)
https://www.cbsnews.com/news/trump-djt- … th-social/
"Former President Donald Trump's personal stake in Trump Media & Technology Group topped more than $6 billion in March when its shares soared after making their public market debut. Nearly six months later, that fortune has dwindled to less than $2 billion amid losses and shrinking revenue.
A months-long slump has lopped more than 70% from the stock's valuation since its late March peak, with the shares hitting a new low on Wednesday. As the biggest shareholder in Trump Media & Technology, Trump has suffered the largest losses, although the decline is only on paper for now since he's not yet able to sell any of his shares.
Trump owns about 60% of Trump Media & Technology Group, a money-losing social media company that trades under the ticker DJT (the former president's initials). The company has gained a following among Trump's supporters, typically retail investors who have flocked to groups on Truth Social to express concern about the declining share price and blame short sellers for the stock's swoon."
Both sites are very strong proponents of 'Free Speech' and implement that practice at their websites. Can one conclude there is a cost for free speech as a cosmic simile ? Or, is it just a coincidence they both are losing money in the grand scheme of things? Why do you suppose or speculate that they both are losing money? Competition? What do those competitors have that 'X' and Truth Social don't?
Thoughts, criticisms, accolades, and/or commentary?
Twitter/X is no longer listed, so its not something "investors" can really lose money on... a few rich people, Musk primarily, put forth the money to ensure there was a 'Town Hall' for the world... where people could talk about issues without fear of being banned for...
Expressing a political opinion, or a concern about a vaccine, or their position on a social event...
In addition, it removed the FBI censorship program that influenced the major social media sites in America... now there is one social media site that chooses to ignore the wishes of the FBI and the Administration.
by ga anderson 2 years ago
Elon Musk Offers to buy Twitter for $43 Billion dollarsThe link is a Google search quey. Pick your source for details. The short story is that we are about to see a battle of titans. America's richest man vs. the capital interests involved with Twitter. Musk has offered $43 Billion, and `they' say...
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Last night, around 8 p.m. local time in São Paulo, Brazil, Federal Supreme Court Justice Alexandre de Moraes announced a criminal investigation into Elon Musk, the owner of X, formerly known as Twitter, for allegedly spreading disinformation, obstructing justice, and allowing people who De Moraes...
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What is offensive language to you? Is it words or can it be ideas too?What is offensive language in a public setting from a small gathering, on the streets, at the fair, in a classroom, or on the internet - publishing an article, social media, a podcast, or a YouTube?{For example I don't you cuss...
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"The House of Representatives voted 352-65 on Wednesday for a bill that threatens to ban the social media platform TikTok. The Protecting Americans from Foreign Adversary Controlled Applications Act would ban TikTok from app stores unless its Chinese parent company ByteDance gives up ownership...
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In a free society, all citizens must be able to pursue their own paths, set their own goals, and think for themselves.In America people are free to express their ideas, even if those ideas are unpopular, unconventional, or wrong... in recent years our government, in collusion with Social Media...
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DELTA Airlines BOOTS Two Women For Private Conversation About President Trumphttps://thewashingtonstandard.com/delta … ent-trump/Pilot threatens to 'dump' Trump fans in Kansas after they start chanting 'USA' on his flighthttps://www.wnd.com/2021/01/pilot-threa … sa-flight/
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