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Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)
submitted 6 months ago by GeneralInterest@lemmy.world to c/technology@lemmy.world
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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[-] fosho@lemmy.ca 13 points 6 months ago

same as my GameStop shares

[-] seaQueue@lemmy.world 12 points 6 months ago

That's a good start, now keep going

[-] grue@lemmy.world 11 points 6 months ago

If he succeeds in using it as a propaganda platform to force the US into a fascist dictatorship, he will have gotten his money's worth.

[-] PanArab@lemm.ee 11 points 6 months ago

It was never worth 44 billion USD

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[-] uebquauntbez@lemmy.world 9 points 6 months ago

A real socialist! Took money from the rich to give it to the poor (minded). /s

[-] CosmoNova@lemmy.world 8 points 6 months ago

If I remember correctly the evaluation of Xitter has been around $9 Billion for years so they're basically saying it tanked only a little if you adjust for inflation.

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[-] Octospider@lemmy.one 6 points 6 months ago

Twitter has worth?

[-] sxan@midwest.social 4 points 6 months ago

It has worth. It doesn't have value.

[-] ikidd@lemmy.world 6 points 6 months ago

Tesla is next. I'm not sure even he can fuck up SpaceX but I'm sure he'll give it the ol' college try.

[-] erenkoylu@lemmy.ml 5 points 6 months ago

%79 so far

[-] aluminium@lemmy.world 5 points 6 months ago

Still this much? Damn dude cooled off

[-] kamen@lemmy.world 4 points 6 months ago

I don't have the whole context so I might be missing some things, but the whole thing looks to me like "look at how much money I have to burn and how much I don't care".

[-] AHemlocksLie@lemmy.zip 11 points 6 months ago

He didn't even want to buy Twitter, just manipulate the stock price by talking about buying it. Dumbass signed too much paperwork and waived too many rights, though, and found himself obligated to buy it anyway. Pretty sure he tried to fight it and lost.

So now he's trying to not burn all his money, but he's fucking terrible at it, so he's just becoming a laughing stock.

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this post was submitted on 30 Sep 2024
1125 points (100.0% liked)

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