Why did Twitter (X)'s valuation tank 56% in one year?::The company formerly known as Twitter, X is valuing itself at $19 billion, per internal documents obtained by Fortune. When Elon Musk bought the company

      • danielton@lemmy.frozeninferno.xyz
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        1 year ago

        Still blows my mind that a co-founder of a popular (at the time) site decided to copy a guy who knows nothing about social media and is running it into the ground.

        Yeah, I know spez is an asshole, but it’s still bizarre.

        • pastermil@sh.itjust.works
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          1 year ago

          That is true. Can’t say that spez is exactly inexperienced. In fact, he’s been with Reddit for like a decade now.

          • eric@lemmy.world
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            1 year ago

            Spez has been back as CEO of Reddit for 8 years after a break of 6 years from the company.

        • fluxion@lemmy.world
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          1 year ago

          These guys are so detached from society that the only thing that catches their attention is obscene wealth and power