Looks like Twitter is back. I guess I need to start referring to Elon's platform as "X" now instead of as "Twitter"
https://arstechnica.com/tech-policy/2026/08/new-twitter-launches-says-musks-x-gave-up-the-name/
Wow, insane that the guy in charge of SpaceX/xAI/Twitter, Tesla, and a few smaller companies, has time in his day to care about a shitty cop that was incarcerated years ago.
This could end up below $100 before the first unlock on August 6tth. That day there will be 911.5 million shares owned by early investors and employees that become available for trading. This is equivalent to about $106 billion in value at current market price and will be one of the largest unlocks in capital markets history.
Currently only 5% of total shares are in circulation and of those, about 32% are being sold short (206 million shares).
The stock is down 48.9% from its all time high price on June 16th. On that day Elon's net worth hit $1.45 trillion and is now down to roughly $750-790 billion.