this post was submitted on 13 Sep 2023
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It’s not one day. It’s happening in the headlines as we watch. Some estimates are that twitter has lost 90% of its value in the (a bit under a full) year since Elmo took over. Post-rebranding, some financial institutions and even one of Musk’s own dumb-ass shoot from the hip tweets puts twitter’s current value at around $4-5B.
Even if that’s low, I think the best case estimate, before rebranding, was sitting around $15B. That’s still a loss of 2/3 value in less than a year (that was in May) and it hasn’t gotten better since the attempted rebrand.
It’s happening, and his incompetence is on full display. He’s even reached the stage of megalomania where he’s blaming the Jews.
No, Elmos own estimates are that it lost 90% of its value, probably lost a lot more.