1122

Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)

submitted 2 weeks ago by GeneralInterest@lemmy.world to c/technology@lemmy.world

175 comments fedilink hide all child comments

"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

you are viewing a single comment's thread
view the rest of the comments

[-] TankovayaDiviziya@lemmy.world 3 points 2 weeks ago

Still worth billions though.

[-] reev@sh.itjust.works 23 points 2 weeks ago

"Y'all my current portfolio is worth 9 BILLION dollars!" "Ah sick, seems to be going pretty well for you." "Yeah, I'm down 75%"

"Still worth billions tho" is one of the dumbest things I've heard on this platform and that's saying a lot.

[-] CooperRedArmyDog@lemmy.ml 5 points 2 weeks ago

look even 1 billion is more than enough to live on for a lifetime and then quite a bit left over, so that is not really that dumb

[-] IamAnonymous@lemmy.world 6 points 2 weeks ago

While you are correct, that’s not the point of this article. It’s about how X lost value. Elon isn’t homeless, so yeah it’s still worth a lot of money.

[-] TankovayaDiviziya@lemmy.world 1 points 2 weeks ago

I'd cheer on if Elon Musk becomes a pauper. $9 billion is still worth a lot. It's still, as the article says, billions.

this post was submitted on 30 Sep 2024

1122 points (100.0% liked)

Technology

58691 readers

3213 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS