this post was submitted on 30 Sep 2024
1119 points (97.1% liked)

Technology

59672 readers
2785 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

you are viewing a single comment's thread
view the rest of the comments
[–] finitebanjo@lemmy.world 21 points 1 month ago (1 children)

I doubt anybody would buy it for a tenth, tbh.

[–] UnderpantsWeevil@lemmy.world 1 points 1 month ago (1 children)

I'm confident you could unload the property for $4B easily enough. That's somewhere in the neighborhood of $10-100/unique user amortized out over the life of the loan, which would be a steal via any other advertising medium.

Twitter still has real value. Hundreds of millions of people still use it, even in its deplorable state. And under new management, I'm confident people would flood back in.

[–] finitebanjo@lemmy.world 1 points 1 month ago (1 children)

You would have to prove that the hundreds of millions who use it are "people".

[–] UnderpantsWeevil@lemmy.world -1 points 1 month ago (1 children)

Empty Internet Theory is a clever joke, but it doesn't hold up under scrutiny.

[–] finitebanjo@lemmy.world 1 points 1 month ago* (last edited 1 month ago) (1 children)

FaceBook deleted 6.5 BILLION BOTS IN 2021.

[–] UnderpantsWeevil@lemmy.world -1 points 1 month ago (1 children)

Neither Facebook nor Twitter claimed 6.5B unique users.

[–] finitebanjo@lemmy.world 1 points 1 month ago (1 children)

Well then FB lied about it at this link HERE

[–] LwL@lemmy.world 1 points 1 month ago

They can delete 6.5 billion accounts without claiming they are active users.