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[-] Track_Shovel@slrpnk.net 44 points 3 weeks ago* (last edited 3 weeks ago)

I missed the boat on jumping guy - it's musk? What's the back story?

E:

Nvm: https://www.rollingstone.com/politics/politics-news/memes-elon-musk-jump-trump-rally-1235127309/

As you can see, I’m not just MAGA — I’m dark MAGA,” Musk told the rally crowd.

Dark Brandon

[-] Lucidlethargy@sh.itjust.works 27 points 3 weeks ago

Prior are calling him Dork MAGA now.

[-] Rolando@lemmy.world 22 points 3 weeks ago

I love the way rollingstone refers to X/Twitter:

X (formerly Twitter), the social media site Musk purchased for $44 billion in 2022. Recently, Musk shared that the company is now valued at just $19 billion, a $25 billion decline.

[-] danc4498@lemmy.world 4 points 3 weeks ago

How does musk calculate that value?

[-] Rolando@lemmy.world 13 points 3 weeks ago

Dad says: "He JUMPS to the conclusion!"

[-] ArtVandelay@lemmy.world 4 points 3 weeks ago

We should buy him a mat

[-] superkret@feddit.org 5 points 3 weeks ago

I'm guessing that's how much realized losses he needs in order to pay no taxes.

[-] athairmor@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago)

I think that’s what Fidelity values it. Fidelity is one of the investors from whom Musk got the money to buy Twitter. They stated their investment lost 80% of its value.

Edit: Correction, Fidelity valuation of their shares implies a X/Twitter valuation closer to $9 billion.

this post was submitted on 07 Oct 2024
783 points (98.2% liked)

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