In a wild right-wing technologist update of Thelma and Louise, it seems
that both Donald Trump and Elon Musk have officially driven their
respective social media companies off of a cliff. But hey, at least
they’re going down together?

Trump’s Truth Social stock appears to be in serious jeopardy, according
to a new report from Forbes published Saturday. Next month, Trump—who
owns well over 50 percent of the company—and other shareholders will
finally be able to sell their shares of the volatile stock, but that
puts the stock at risk of collapse.

Earlier this month, Truth Social’s stock value plummeted following
Trump’s apparent “return” to X, formerly Twitter. This coincided with a poor second quarter earnings report that found the company lost more
than $16 million, and raised just $836,900, down 30 percent from $1.2
million a year earlier. That was still far better than the previous
quarterly report, which found that the company lost $327.6 million, and
only raised $770,500 in revenue.

As for Elon Musk’s X, not even Trump returning could give it a
much-needed boost. The platform’s billionaire technocrat owner has
pulled the social media site into historically bad territory, according
to The Wall Street Journal.

Musk acquired X in October 2022 for $44 billion, borrowing $13 billion
from several banks. While the banks have been able to collect a hefty
interest, it’s unclear how Musk will ever repay the principal if X
continues on its current trajectory. Last year, X reported that its
value had plummeted by more than half, to around $19 billion. When the
banks formulated a plan to restructure the loan, X didn’t follow
through, according to the Journal.

Unfortunately for Musk, X has been unable to fully capitalize on its
recent uptick in user engagement, because Musk went out of his way to
make an enemy of all advertisers everywhere, suing a group of
advertisers who didn’t want to use his platform filled with blatantly pro-Nazi content.

While Musk isn’t in the business of robbing banks, he’s getting pretty close to the outlaw life of Thelma and Louise. One thing has become
clear: When Trump and Musk started out on their right-wing social media experiments, they thought they were really goin’ somewhere. But this is
it. They’re just going.

https://newrepublic.com/post/185058/donald-trump-truth-social-elon-musk-x-value

Not such much content but the article does make up for that with a great headline and the T&L simile. Good stuff.

--
"And off they went, from here to there,
The bear, the bear, and the maiden fair"
-- Traditional

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)

Pelle Svanslös <pelle@svans.los> Wrote in message:r

In a wild right-wing technologist update of Thelma and Louise, it seems that both Donald Trump and Elon Musk have officially driven their respective social media companies off of a cliff. But hey, at least they’re going down together?Trump’s Truth

Social stock appears to be in serious jeopardy, according to a new report from Forbes published Saturday. Next month, Trump—who owns well over 50 percent of the company—and other shareholders will finally be able to sell their shares of the volatile
stock, but that puts the stock at risk of collapse.Earlier this month, Truth Social’s stock value plummeted following Trump’s apparent “return” to X, formerly Twitter. This coincided with a poor second quarter earnings report that found the
company lost more than $16 million, and raised just $836,900, down 30 percent from $1.2 million a year earlier. That was still far better than the previous quarterly report, which found that the company lost $327.6 million, and only raised $770,500 in
revenue.As for Elon Musk’s X, not even Trump returning could give it a much-needed boost. The platform’s billionaire technocrat owner has pulled the social media site into historically bad territory, according to The Wall Street Journal.Musk acquired
X in October 2022 for $44 billion, borrowing $13 billion from several banks. While the banks have been able to collect a hefty interest, it’s unclear how Musk will ever repay the principal if X continues on its current trajectory. Last year, X reported
that its value had plummeted by more than half, to around $19 billion. When the banks formulated a plan to restructure the loan, X didn’t follow through, according to the Journal.Unfortunately for Musk, X has been unable to fully capitalize on its
recent uptick in user engagement, because Musk went out of his way to make an enemy of all advertisers everywhere, suing a group of advertisers who didn’t want to use his platform filled with blatantly pro-Nazi content.While Musk isn’t in the
business of robbing banks, he’s getting pretty close to the outlaw life of Thelma and Louise. One thing has become clear: When Trump and Musk started out on their right-wing social media experiments, they thought they were really goin’ somewhere. But
this is it. They’re just going.https://newrepublic.com/post/185058/donald-trump-truth-social-elon-musk-x-valueNot such much content but the article does make up for that with a great headline and the T&L simile. Good stuff.-- "And off they went, from
here to there,The bear, the bear, and the maiden fair"-- Traditional



There's no free speech at either of the platforms so people just quit.

They're disappointed, they expected they'd get free speech.


But Trump and Musk prefer to please both the Jews and white people, they engaging in banning and persecution of free speech, just not as much as Jews would have wanted.

The result, they lose Jewish money anyway and they also lose the people.



If Musk was serious he would unban Andrew Anglin for example.




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