Comment on One year after being bought for $44 billion, X is worth $19 billion
quantum_mechanic@sh.itjust.works 8 months ago
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?
Traister101@lemmy.today 8 months ago
If it dropped it value (can’t remember) that would have been Elons fault. He would have committed fraud by announcing he was buying stock and then not actually doing so.
Twitter was never worth anywhere close to the 40 billion he publicly announced he’d pay for it whether or not a “significant” drop before purchase occurred.