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Bernie Ecclestoned@sh.itjust.works to Technology@lemmy.worldEnglish · 2 years ago

According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion

finance.yahoo.com

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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion

finance.yahoo.com

Bernie Ecclestoned@sh.itjust.works to Technology@lemmy.worldEnglish · 2 years ago
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Musk posted the bleak financial assessment as part of a rant against the ADL.
  • NoneOfUrBusiness@kbin.social
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    2 years ago

    That’s not really how that works. He just reduced the value of the site. He nuked value out of existence.

    • Fraylor@lemm.ee
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      2 years ago

      I mean he did spend 44 billion prior to said nuking. Site isn’t worth as much now sure, but the volume of currency still traveled into the hands of others.

      • NoneOfUrBusiness@kbin.social
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        2 years ago

        Good point actually.

        • DogMuffins@discuss.tchncs.de
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          2 years ago

          Is the previous owner also a fuckhead though?

    • elvith@feddit.de
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      2 years ago

      But he hasn’t realized his losses yet - HODL!

    • chicken@lemmy.dbzer0.com
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      2 years ago

      Twitter having overwhelming dominance may have had value to shareholders, but IMO that is at the expense of everyone else. Not having to use Twitter is valuable.

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