Is anyone else surprised it's even worth that much?

It was never about the money. Musk is turning a once-valuable information space into a fascist shithole. That was always the goal.

It's obscene that someone can destroy so much value and not go bankrupt. It should not be possible.

Let's put this another way.

That ~25 billion, heavily absorbed by foreign investors, has bought influence on worldwide events/elections and allowed those that previously hated the platform to sabotage it internally, likely to a post-election failure.

Makes you wonder to what degree we have a "useful idiot billionaire" situation, with other interests (countries?) steering the out of control train to their benefit.

Don’t forget him allowing all the banned Neo-Nazis back on! Advertisers just loved that.

The worst thing he did was change the name. I mean, everyone knew twitter. Now you have to qualify it with "Musk's X"

You forgot quite a significant thing when it comes to Twitter's devalutation. Musk delisted Twitter on Nov 8 as part of his acquisition. The worth of a private company is a bit more difficult to figure out compared to the worth of a public company.

I'm sure the value will come back. Valuing X at $19B puts the value of the whole alphabet at $500B, which seems low for an established technology which has been in continuous use since before the time of the Roman Empire.

The US GDP is $24 trillion, and all the financial reports supporting that valuation use the Roman Alphabet. The Alphabet is essential to justifying the value of the entire US Economy. I think it's reasonable to value the worth of the alphabet at 8% of GDP, which would give X a fair value of $74B.

See, haters? Elon really is a financial genius. Numbers don't lie.

That's the value he think it's worth, not what someone would actually pay for it.

I don't think it was even worth half of what he paid for it when he paid for it. Musk is a complete god damned moron. I'd be surprised if the company was even worth $19 billion when he bought it for $44 bn. And there's no way in fuck that it's worth $19 bn now. Absolute dogshit assessment. Not that I'm surprised, mind. It's Musk's assessment, after all.

He could have just donated all of that to the Signal foundation if he wanted to protect free speech.

I just read the news somewhere that they introduced two payment tiers for monthly subscription. Good luck keeping users. There's not a single social network that charges people use. No matter how cheap.

https://s3.documentcloud.org/documents/23108357/redacted-version-of-exhibits-a-j-to-letter-to-the-honorable-kathaleen-st-j-mccormick-from-edward-b.pdf

read page 83 and following pages: text messages from Elon around twitter 😂

Many of his decisions have not been good.