re: Elon Musk to advertisers pulling ads...epic

quote:

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Not a defense, but isn't this a bit misleading. As I recall, the accepted valuation of Twitter was significantly lower than the $44b he paid, and was likely part of the reason he tried to get out of the deal before it closed. So it would be inaccurate to say he's responsible for all of that devaluation, and a real analysis would rather much more effort than the quote provides, factoring in such things as overall losses in tech valuations and so forth. In a nutshell, there's a difference between overpaying and destruction of value from management decisions. Similar to overpaying for a house vs letting goats poop inside of it afterwards.

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Just by changing the name from twitter to x, it devalued the company 10s of billions of dollars. He was solely responsible for that decision.

He then had made multiple tweets, showing how idiotic and possibly-anti-Semitic he is, and then showing ads of companies that advertise with X, who do not want to be affiliated with racist/homophobic/anti-semitic, alongside that material. Advertisers decide they don’t like that and stop doing businesses with X.

Freedom of speech goes both ways. Just as Elon and whoever say and do what they want, so can Corporations decide they no longer want to advertis and fund a platform that tolerates hate speech.

Elon has lost his company billionS of dollars.