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Comment by Alupis | Hacker News Reader

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Alupis·

Those valuations are all bs though. They are hinged on traffic estimates and ad revenue.

X is clearly worth a lot more than just it's revenue would indicate.

What is the most influential social media site worth? Perhaps all of the money in the world...

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X is now state-sponsored media, not social media. it provides political echochamber for some portion of the population and nothing more than that any longer

Every social media platform is, to some degree, an echo chamber. See Bluesky or Mastodon.

No other platform looks this bad

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:y5xyloy...

Where are the advertising dollars coming from on that horror show

Certainly not $45 BILLION of income over even a century

the one way you can look at $45bn is ability to buy election(s). as long as there are enough sheep orbiting that platform the value is there - in buying election(s)

neither is owned by a man deciding who can say what on the platform :)

And forces his posts also on people not wanting to follow him.

And whines/threats competing social networks when users post content critical of him and organize themselves to not share Twitter links.

Well, I would have suggested that you put your money where your mouth is and buy out Fidelity et al, but it looks like you're off the hook for that statement.

However, secondary markets for these megacorps are relatively liquid, so the valuations are not actually completely baseless.

X is worth whatever a state backed media is worth. If fascism in america succeeds, yeah, sure it's zillions of dollars.

But you'd have to be on the side of fascists to believe that.

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