Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
Ilovethebomb@lemm.ee 1 month agoI mean, yeah we all knew he overpaid, but losing over 75%? I didn’t expect that.
Comment on Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price
Ilovethebomb@lemm.ee 1 month agoI mean, yeah we all knew he overpaid, but losing over 75%? I didn’t expect that.
dabaldeagul@feddit.nl 1 month ago
Twitter wasn’t profitable right? So most of the “value” is in the name of the product. Elon changed the name and added his signature to everything the platform was doing, completely changing the platform Twitter is. So yeah, I do get why 75% of the money is gone now.
Ilovethebomb@lemm.ee 1 month ago
Changing the name of one of the most valuable brands isn’t something I’d expect even him to do.