Tag Archives: X

That is the setting. It is a small nod towards the Master and Margarita written by Mikhail Bulgakov. The story is set towards a professor named Woland (aka Lucifer Morningstar). There is more to this, but I will let you figure this out. Today I saw a CNN report (at https://edition.cnn.com/2024/10/02/business/elon-musk-twitter-x-fidelity/index.html) where we are given ‘Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates’. Well I could have told you that as the report of October 2nd did. Actually I did on August 20th 2022 in the article ‘Is it intentional ignorance?’ (At https://lawlordtobe.com/2022/08/20/is-it-intentional-ignorance/). I came to the conclusion that Twitter was highly overvalued, a firm named Trollrensics had even more compelling data then I had. It was my view that Twitter was overvalued by at least 10-20 billion dollars. And we were given “Mr Musk is currently in dispute with Twitter, after trying to pull out of a deal to purchase the company for $44bn (£36.6bn).” There was nothing noble at my approach. I reckoned that if my data was accepted and proven validly that even a 1% commission of the saving would hand me $50,000,000 – $200,000,000, which makes for a lovely retirement parachute. Alas Elon Musk never responded to me (as far as I know Trollrensics never got a call either). This matter as we see now in October 2024 “That new estimate marks a 24% drop in value from what Fidelity estimated as of the end of July. And it represents a staggering decline of 79% from the $19.66 million that Fidelity estimated the shares were worth in October 2022 when Musk acquired Twitter. The new valuation from Fidelity implies that it believes X is now worth just $9.4 billion — a far cry from the $44 billion that Musk paid. Other investors could value X differently.” Some will shrug, some will smile and others will just think ‘whatever’. The issue becomes that we are given ““Musk clearly overpaid for this asset,” Dan Ives, managing director and senior equity analyst at Wedbush Securities, told CNN in an email. Ives said that he believes Twitter was really worth around $30 billion when Musk bought it, and today it’s worth closer to $15 billion. He said that while engagement on X is “strong,” ad pressure has persisted.” There are two elements here. One is the overpaying of the system, the other is that Elon Musk is no dummy. He had a larger setting from the start and as I see it, he got Saudi Prince Al Waleed bin Talal Al Saud to foot nearly 2 billion of that money. As I personally see it he is about to lose around 1.6 billion buy the end of the year. It is not just the devaluation of Twitter (and Advertisement loss). 

You see BlueSky is now at 21 million users and in the upcoming month it should increase rather dramatically. With the concerns given many will push their advertisement to BlueSky. And with that the decreased interest in Twitter (say: X) will grow, the value of that solution goes down more. In a stage where all wars are based on deception, there is every chance that the wool was pushed over the eyes of Elon Musk (a small speculation). And in this there is every chance that the investment by Prince Al Waleed bin Talal Al Saud and Kingdom Holding will turn up daisies by the end of the year. 

In the article we are also given “X had 73.5 million monthly active users on iOS and Android combined in the United States in August, according to Similarweb data shared with CNN. That represents a drop of nearly 11% year over year and a 20% decline from October 2022” which would be fair was it not for the stage that BlueSky is now life and that will drain a lot more traffic from Twitter (say: X) And that gives rise to the considerable chance that X will end up being a troll-farm nexus to the simple minded greedy. As such the Social media platform will rise from social media to a simple danger to national security in the simple form of form. You see, at this time Russian and Chinese troll-farms are having a go at X. However, should Bluesky get the larger setting of bouncing those, there would be a new stage. Because advertisers see no hail in marketing to empty accounts and that is what would most likely happen, as such advertisers will have to move to BlueSky, just for the hell of getting any engagement traction.

Since ‘Is it intentional ignorance?’ I have written close to a dozen articles on the setting. And now (recently) we see that I was right all along. Even without BlueSky I saw this evolve the way it is. So all these high paid analysts are only now showing their faces. So where were they when I already foresaw the events merely through fake accounts. Why were they not on their pages updating it all? Makes you think doesn’t it.

Have a great day and if you have no stock in X, rejoice. You are lucky to not have diminished your retirement capital by 80%.