1118
One year after being bought for $44 billion, X is worth $19 billion
(arstechnica.com)
LOL
More financial/business news in the technology community?
It's almost like our entire world of modern technology is inextricably connected to the economics that support it.
load more comments
(1 replies)
Shoulda shorted the fk outta it, lol.
And Elon really thinks folks are gonna trust him with their money.
Hadn't it already massively dropped in value before the purchase was finalized, and that's why he wanted to back out? How is everybody overlooking that?
load more comments
(1 replies)
To whom? Is anyone willing to buy it?
Maybe the old Twitter execs will buy it for that price. Musk should ask. Lol
Yea..Parag is a badass. Musk was trying to weasel out of the deal but Parag made him buy it and to make the deal even better, Parag got fired, which gave him millions of dollars for free (golden parachute).
Even then, there's not much to buy given Musk fired all the talent.
this post was submitted on 31 Oct 2023
1118 points (100.0% liked)
Technology
72828 readers
2787 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- 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, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS