Musk is going to Twitter the US economy

Fidelity’s latest valuation of its stake in X implies that Elon Musk’s social network is worth about 71.5 percent less than when Musk bought the company in October 2022.

https://arstechnica.com/tech-policy/2024/01/since-elon-musks-twitter-purchase-firm-reportedly-lost-72-of-its-value/

I have joked that if you wanted to know what it was like to live on a Musk Mars colony… look at Twitter. Turns out the US is going to get the experience decades ahead of time.

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