this post was submitted on 30 Aug 2024
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San Francisco says ‘good riddance’ as X prepares to leave (www.siliconrepublic.com)
submitted 2 months ago by moe90@feddit.nl to c/technology@lemmy.world
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[–] gravitas_deficiency@sh.itjust.works 57 points 2 months ago (2 children)

You saw the investor list, right? There’s a LOT of people on there who miiiiight not consider direct financial profitability to be the point of their investment.

[–] Wispy2891@lemmy.world 21 points 2 months ago (1 children)

Top shareholders of Twitter include:

  1. Elon Musk (owns 78.7% of the company)
  2. Saudi prince Alwaleed bin Talal (5.7%)
  3. Oracle’s founder Larry Ellison (3.0%)

WTF they really need to relocate the evil lair in a volcano

[–] gravitas_deficiency@sh.itjust.works 3 points 2 months ago (1 children)

There’s also a bunch of Russian connections too

[–] vaultdweller013@sh.itjust.works 1 points 2 months ago

Musk himself is a Russian connection, remember he is friendly with Putin.

[–] overload@sopuli.xyz 3 points 2 months ago* (last edited 2 months ago)

That's true, but I'd imagine running a site like twitter actively costs money. If advertisers aren't paying, who is? Do they go to their investors and ask for money? For how long could Elon personally afford to run Twitter with all of its development costs?