Still seems way overpriced. Doesn’t even have name recognition anymore.
I wonder if that’s a portion of why it’s devalued so much. I mean I know there’s a dozen or more other reasons but brand recognition could very well be one of them.
Take a look at their user data over the past year with the name change date in mind.
It’s is absolutely ASTONISHING how fucking moronic and empty headed Elon Musk is. A literal idiot with all the money.
I’d guess that $19 billion is the value where if someone bought it and did their best to undo everything and get it back on track, that’s how much it would be worth.
The problem with measuring value is you have to quantify what that $19 billion actually is. Like you could say it’s the share price times the number of shares, except now twitter is privately owned we don’t have a market share price anymore.
Theoretically what someone would pay for it. The buyer always has plans to make it better.
Or the textbook definition, the present value of the sum of all future profits.
The buyer always has plans to make it better.
That’s an interesting claim to make, especially on this post 😄
Can any trademark lawyer in the audience tell us how long before, if Musk lets the trademark lapse, some rando could come along and make a Twitter clone while literally just calling it “Twitter?”
Yeah it’s never going to be called just “X”, it’s always going to be “X, formerly twitter”.
Just like Prince the whole time he changed his name to that symbol.
Prince wanted people to call him Prince. He changed his name to that symbol to get out of a shitty contract with Warner Bros.
“Warner Bros took the name, trademarked it, and used it as the main marketing took to promote all of the music I wrote,” Prince once said in a press release. “The company owns the name Prince and all related music marketed under Prince. I became merely a pawn used to produce more money for Warner Bros.”
https://www.bbc.com/news/magazine-36107590
Elon changed Twitter to X because he’s a babyman who never got over the fact that PayPal didn’t like the name.
Is that before or after you factor in the $13 billion debt it took on to buy itself on Musk’s behalf?
Makes sense.
Almost immediately after buying it, Elon enshittified the site - and not only that, but changed it’s branding from one of the most recognisable names/logos in the world to a fucking “X” (almost always suffixed with “formerly Twitter” so people actually remember what the fuck it is)
almost always suffixed with “formerly Twitter” so people actually remember what the fuck it is
This continues to bring me such joy.
It’s not even a unique X. The exact X they’re using as a logo already exists as a Unicode character 𝕏
Is this just part of the playbook for him to not have to pay taxes by saying he lost all his money??
Most of his money is in Tesla stock, seeing how that’s been going Twitter X will be the last of his money, rather sad huh?
If it keeps trajectory ill be able to afford the whole of twitter
