Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
phdepressed@sh.itjust.works 2 months agoThis actually isn’t the stock market, Twitter isn’t publicly traded since being bought.
Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
phdepressed@sh.itjust.works 2 months agoThis actually isn’t the stock market, Twitter isn’t publicly traded since being bought.
skyspydude1@lemmy.world 2 months 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 2 months 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.