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this post was submitted on 26 Mar 2024
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It almost sounds like an in-power group of people who have a vested interest in other in-power people being able to leverage "value" of an asset to get out of trouble to then help the first group are artificially inflating the "value" of something they set.
Twitter is valued at around $19B by Musk himself, and it has around 300 million users. Truth has 500,000 users. They have 1/600th the users and are valued at 2/3rd. They only generated $5M in revenue while losing $50M in costs. Twitter had roughly 200 times higher revenue, yet only 50% higher value. It's insane how obviously wrong the valuation is. And the thing is, sometimes tech companies have seemingly high valuations when losing money but are still worth it because of the potential for growth... but where is the growth coming from for Truth? Ain't nobody jumping from Twitter for Truth that hasn't already. It's not like there's a huge boom of conservatives coming our way. If anything, Truth's current trend of losing users will only continue with Threads coming online and other social media outlets.
Someone needs to tweet this out at Musk. Point out that he is significantly more dumb than Trump and just let there egos flare...
Maybe they'll have an octagon match. 🤣
Maybe they'll cancel each other out and disappear forever.