Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
CosmoNova@lemmy.world 1 month 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.
DragonTypeWyvern@midwest.social 1 month ago
The value of Twitter when he bought it was $44 billion. We know this because his dumb ass bought it for $44 billion.
Regardless of what a sane person would pay for it, that was the value to him and so if the next highest valuation is $9b he lost $35b of value.
CosmoNova@lemmy.world 1 month ago
I guess my point is that it isn’t worth an article in mid 2024 because it really only repeats what has been said a million times a about the subject. Even before it was bought. No one else would’ve paid much more than $9 Billion at any point because it is legitimately insane.