Don't know if you guys have been following, but Elon Musk has made a couple of posts about MSNBC... the potential for buying it. My guess is that he's seriously considering it. Despite the narrative, Elon Musk has been wildly successful with Twitter/X. He's significantly reduced the expenditure of X, and is actually turning a profit.

Any thoughts? I don't think he does it... I figure he probably doesn't want to deal with it. But he certainly could. MSNBC is failing.

He could have the opportunity to create a show like how CNN used to be... with Cross-Fire.

CNN is also rethinking their method of delivering news. The NY Times also, many leftoid media outlets.

It's possible Musk buying such media outlets might cause enough change in the way they present their "News" to bring viewers back. From what I've read, only the far left watch them and based on the results of the last election, those folks are in the minority. A more fair and balanced approach could get more viewers.

But, I'm not sure why he would want to get his hands that dirty. What I would expect is for him to front the business money part and then put a team in that would change the direction of such medias. I would not expect Musk to take a hands on approach. He has bigger fish to fry.

Rams

quote Originally posted by 82-T/A [At Work]: Don't know if you guys have been following, but Elon Musk has made a couple of posts about MSNBC... the potential for buying it. My guess is that he's seriously considering it. Despite the narrative, Elon Musk has been wildly successful with Twitter/X. He's significantly reduced the expenditure of X, and is actually turning a profit. Any thoughts? I don't think he does it... I figure he probably doesn't want to deal with it. But he certainly could. MSNBC is failing. He could have the opportunity to create a show like how CNN used to be... with Cross-Fire.

he lost about 80% of the value that he paid for the stock

People are fleeing Elon Musk’s X in droves. What’s happening on Threads and Bluesky?
Io Dodds
Sun, November 24, 2024 at 9:54 AM EST
7 min read
https://www.yahoo.com/tech/...Yc8N7nBHmV77xAOhhWrh U6s5W4vVxwSk6-JfqKipvA3fdhFVXhCTFtpSgAIkGNxnmveJGpaNUF7rYp6Ee8FbY9


No, Elon Musk's purchase of Twitter and its conversion to X has been a financial disaster:

Valuation
According to Fidelity, one of X's investors, the platform is worth $9.4 billion, which is less than 25% of the $44 billion Musk paid for it in October 2022. This is a 79% decline from the initial value of Fidelity's investment.

Revenue
X's revenue has dropped by 50% since Musk's buyout due to a decline in advertising.
Cost-cutting
Musk's cost-cutting measures have backfired, resulting in a financial loss for Musk and his co-investors.
Brand value
The conversion of Twitter to X has hurt the company's value.

Other issues with X include:

Hate speech: X has been criticized for allowing hate speech, misinformation, and antisemitism.
Safety: GLAAD has described X as "the most dangerous platform for LGBTQ people".
European Union: The European Union has halted advertisements on X due to an increase in hate speech and misinformation.

Elon Musk's X is worth nearly 80% less than when he bought it, Fidelity ...
Oct 2, 2024 — And it represents a staggering decline of 79% from the $19.66 million that Fidelity estimated the shares were worth in ...
CNN

X is now worth less than 25% of what Elon Musk paid for it
Sep 30, 2024 — A newly released disclosure report from Fidelity's Blue Chip Growth Fund, which has an equity stake in the social medi...
Fortune
The Declining Brand Value of Twitter/X [Infographic]
Nov 5, 2024 — The Declining Brand Value of Twitter/X [Infographic] * So, this may be the best time to post this, or the worst, given...
Social Media Today

on what planet is a 80% LOSS A GOOD DEAL

RUMP LEVEL INSANE

Ray your batting average is less than 200 so not a lot watch when you are up to bat.

quote Originally posted by ray b: he lost about 80% of the value that he paid for the stock People are fleeing Elon Musk’s X in droves. What’s happening on Threads and Bluesky? Io Dodds Sun, November 24, 2024 at 9:54 AM EST 7 min read [URL=https://www.yahoo.com/tech/people-fleeing-elon-musk-x-150421355.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEo5ZACBChOi5vOQsYyWl2Sm1eLkU9NNXRfg9g2dtep6ZN4r91ZCBErEQDMGlBjvAtg1oLSRHfZXSUmbawKE53Yc8N7nBHmV77xAO hhWrh]https://www.yahoo.com/tech/...Yc8N7nBHmV77xAOhhWrh[/URL] U6s5W4vVxwSk6-JfqKipvA3fdhFVXhCTFtpSgAIkGNxnmveJGpaNUF7rYp6Ee8FbY9 No, Elon Musk's purchase of Twitter and its conversion to X has been a financial disaster: Valuation According to Fidelity, one of X's investors, the platform is worth $9.4 billion, which is less than 25% of the $44 billion Musk paid for it in October 2022. This is a 79% decline from the initial value of Fidelity's investment. Revenue X's revenue has dropped by 50% since Musk's buyout due to a decline in advertising. Cost-cutting Musk's cost-cutting measures have backfired, resulting in a financial loss for Musk and his co-investors. Brand value The conversion of Twitter to X has hurt the company's value. Other issues with X include: Hate speech: X has been criticized for allowing hate speech, misinformation, and antisemitism. Safety: GLAAD has described X as "the most dangerous platform for LGBTQ people". European Union: The European Union has halted advertisements on X due to an increase in hate speech and misinformation. Elon Musk's X is worth nearly 80% less than when he bought it, Fidelity ... Oct 2, 2024 — And it represents a staggering decline of 79% from the $19.66 million that Fidelity estimated the shares were worth in ... CNN X is now worth less than 25% of what Elon Musk paid for it Sep 30, 2024 — A newly released disclosure report from Fidelity's Blue Chip Growth Fund, which has an equity stake in the social medi... Fortune The Declining Brand Value of Twitter/X [Infographic] Nov 5, 2024 — The Declining Brand Value of Twitter/X [Infographic] * So, this may be the best time to post this, or the worst, given... Social Media Today on what planet is a 80% LOSS A GOOD DEAL RUMP LEVEL INSANE

Twitter was losing money when he bought it, but it's now turning a profit. It's not a publicly traded stock, so I don't know how one could define it's value based on stock price since it doesn't have a stock ticker anymore. But he considered the purchase of Twitter for no other reason, than to ensure a fair election in 2024... it was his primary stated reason, so that he could bring back public discourse without the propagandistic manipulation that took place under the previous leadership.

I didn't see anything that stated in any of your links that it was actually worth less... just the Blue Sky link that said people were fleeing to it. But that happened with Mastadon also, and that failed. Twitter/X has what... 350 million active daily users, or maybe even twice that, I can't remember... BlueSky has something like 15 million on a good day. I have to look it up... (too lazy right now), but the ratio is something like that... someone please correct me if it bothers you enough.

quote Originally posted by ray b: he lost about 80% of the value that he paid for the stock

ray b, sell your stock in X, to me, .

quote Originally posted by cliffw: ray b, sell your stock in X, to me, .

US steel their trading symbol is X on the stock market
I do not own any

sorry not a twit

truth social value 1/2 ipo