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Comment by reverendsteveii | Hacker News Reader

it's worth less than half of what he paid for it, lost 30 million users and went from being the default microblog to facing real competition in daily active users from ~~bluesky~~threads (https://techcrunch.com/2025/07/07/threads-is-nearing-xs-dail...). Building what X is today from nothing would be an incredible accomplishment but building what X is today out of what Twitter was in 2022 is still a pretty miserable failure.

Not to mention that now Grok is just openly white supremacist, calling itself MechaHitler and is flat out accusing Jewish people of wanting to kill white babies (https://www.nbcnews.com/tech/internet/elon-musk-grok-antisem...)

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> it's worth less than half of what he paid for it

But it was always worth less that half of the purchase price. The Twitter board completely ripped of Musk. Remember that he tried to back out of the deal, arguing that he had been lied to in regards to the number of bots and actual users.

The Twitter board ripped him off? When he was the one who brought in the initial offer? He tried to back out of the deal once people told him how foolish he is.

> Remember that he tried to back out of the deal, arguing that he had been lied to in regards to the number of bots and actual users.

True but since he never provided any hard numbers, especially after totally owning the thing, makes this point moot.

They ripped him off? He made an unsolicited offer, signed, sealed and delivered.

When you're used to having an entire team of people to act as a buffer between your impulses and their easily predictable consequences following through on your commitments and getting exactly what you asked for feels unfair.

This argument has been made, at length, in court. It was found wanting.

Good thing 35% of the country still trusts the courts https://apnews.com/article/donald-trump-joe-biden-courts-ame...

Not at all relevant. Address the merits of the argument, not whether or not most people like the person who heard it. Though you'll be happy to find out that this disagreement never actually made it to court and eventually Elon went through with his original deal voluntarily.

> The Twitter board completely ripped of Musk.

He ripped himself off because he couldn’t keep his big trap shut.

Did he argue in that case that it was worth less than half the purchase price? I do recall he argued it was a material misrepresentation by twitter, but that the terms of the contract ran against him there. I do not recall it having been valued to that extent. It did seem like a facially bullshit excuse at the time. I'm curious as to why you're credulously repeating it now, after it's already been disposed of.

You'll remember that first he waived the right to make his offer contingent on that fact, then he tried to back his offer out because of that fact.

https://bsky.jazco.dev/stats

You can judge for yourself whether bluesky is a competitive threat.

That link errors ("Failed to fetch" banner on the page) for me. Perhaps hugged to death, but I would be interested in the DAUs/MAUs if they're available.

https://techcrunch.com/2025/07/07/threads-is-nearing-xs-dail...

I misremembered an article from yesterday. It's threads that's catching up w twitter.

It goes up and down. The stats site, not BlueSky, that seems to only go down.

but thats due to musk poising the platform not due to cutting people.

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