I understand the basics. I still find it difficult to grasp why it is worth 9 billion.
Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
Artyom@lemm.ee 1 month agoThis is the stock market, the value is set by what investors think the value could be. Mostly, they’re probably assuming people would come back if he sold it. Literally everyone knows the name Twitter.
apfelwoiSchoppen@lemmy.world 1 month ago
phdepressed@sh.itjust.works 1 month ago
This actually isn’t the stock market, Twitter isn’t publicly traded since being bought.
skyspydude1@lemmy.world 1 month ago
Just because it’s not publicly traded, doesn’t mean that there isn’t stock nor that there’s no market. Usually, you can technically still buy/sell the stock, just not as a random member of the public on a public stock exchange like the NYSE or FTSE.
NotMyOldRedditName@lemmy.world 1 month ago
There’s usually defined periods for sales as well. Gives employees and other stock holders a way to cash out and get new investors in.