He overpaid for it. Elon will be fine with it. He implements a wallet and payment system and he has something worth $50 billion just based upon today's users.
Looks like he paid too much. What to expect wen there are a bunch of changes and takes time to implement new ideas and things. Value will increase sumtime.
He overpaid for it. Elon will be fine with it. He implements a wallet and payment system and he has something worth $50 billion just based upon today's users.
Yeah paid too much.. -55% already.
This will be no different than a centralized exchange right?
Well it isnt a public company and people do not know the financials so the $19 billion is likely a guess.
Think PayPal, banking, and Twitter combined.
That is Musk's vision. Yes still Web2 and highly centralized.
Imagine a databank he'll have on the users.
The value of that data will far exceed what he bought it for. Over 100% profit for him I reckon
I mean in 2.5 years it will be profitable then right?
Yeah Seems like he's gonna turn that into profitable deal from his track record...
Looks like he paid too much. What to expect wen there are a bunch of changes and takes time to implement new ideas and things. Value will increase sumtime.
The question is... Will 'X' be able to compete with the up and coming grassroots web3 social media platforms that use crypto as their base layer...