While I think my question can be discussed in a general manner, please move my post if appropriate.
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Since there is a separate moderating team and since users have to join the politics forum, oolicy is we do not move posts into or out of the politics forum.
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Wow, a half-billion dollar drop in 2Q24 revenue vs 2Q22.
The New York Times recently reported that X made only $114 million in revenue in the U.S. during the second quarter of 2024, according to the documents they obtained. This is a massive drop compared to $661 million in the same quarter in 2022 before Musk took over. When we account for inflation, thatās a drop of a whopping 84%.
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Oh, so sad. (said no one I know)
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Who couldāve predicted that telling advertisers to āGo F yourselfā and then suing them for not wanting to do business with him is not a great business strategy?
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Well, the investors think itās sad. WSJ reported recently fidelity I think it was wrote down its holdings by around 70%.
Investing is always a risk, this one didnāt pay off. Sorry investors.
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Good investing is a calculated risk. I guarantee there are a lot of explanations of calculations going on right now!!
$9.4 Billion.
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My question is thisā¦how does Fidelity know that information if X is a private company? There seems to be a lot of presumptions in that report.
These companies invest in private companies all the time. As an investor, they are privy to information that the public isnāt.
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True, but Iām guessing Elon doesnāt care much. X seems to be his rich CEO play toy.
He may not care but Iām guessing those investors arenāt going to be backing him again. Never could understand from a financial perspective why entities like Fidelity were in it in the first place tbh. Glad they donāt manage my money.
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Iām surprised the Fidelity fund invested is called āblue chip growthā. Even prior to the acquisition, Twitter was neither blue chip nor high growth. Plus taking a company private makes it even less blue chip quality.
Looks like people who you block on X are no longer fully blocked.
Under the previous feature, if you blocked someone, then that account could no longer see your account or your posts or interact with them. Now the block feature is being made softer: If you block an account, it canāt interact with your posts but it can still view your account and posts.
I have to say that Iām struggling to see why this is the ālast strawā. Its always been possible to have an āaltā account to view the posts of someone who has blocked you. So whatās really the difference here?
I guess Iām (semi-)famous on Twitter and have a bunch of haters (amusingly enough even including a parody account of me), many of whom Iāve blocked. But that doesnāt change much, and not allowing them to interact directly with my posts is sufficient from my point of view. Of course they can still take screenshots (just as they do through alt accounts today) and post about those anyway.
My concerns about Twitter are much more to do with how bad the search functionality has gotten and how many interesting people have stopped posting.
OOOhhh, now I want to know who you are on Twitter!
j/k-- you can definitely keep your anonymity.
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Devin Nunes? 
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Hard to confirm, but Elon mentioned in passing that he might consider the possibility of flying cars. The future is not the future without a flying DeLorean!
Iām sure Tesla investors would like to see something actually happening with robitaxis first, seems heād need to get those off the ground (haha bad pun) before talking about flying cars. While heās been talking about it, Waymo has been doing it. I was in SF a couple of weekends ago and Waymo has clearly reached critical mass in the city - you could see at least one from just about every intersection you went by.
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