In any large orgs the more people involved the more deadlocks you have and it can become a policy quagmire. Both meta and twitter achieved more velocity once cuts are in place.
Twitter has turned an incredible profit and launched an AI assistant since almost the entire user base claimed that Elon was going to run the company into the ground.
"Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.
By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).
* This includes a 10.7% cut during November, during which time Musk told boycotting X advertisers to "go f*k yourself" during an on-stage interview with the New York Times.
* In terms of publicly traded comps, Meta stock rose 4.9% in November while Snap shares climbed 38.2%."
I personally think X is worth at least 10x that evaluation as it is now state-sponsored disinformation network which is worth much more than $44bn. it is best investment Elon has ever made
Do you have a source for the assertion that Twitter has "incredible profits?" As a private company I think their financials aren't as widely published any more, but I honestly haven't seen any information on which way their financials are going.
Fidelity saying (in 2023) that X isn't worth what Elon paid for it does not mean it’s not making money and building product (in 2025). Allegedly it’s worth 44B again (:
