Comment on One year after being bought for $44 billion, X is worth $19 billion
Apollo2323@lemmy.dbzer0.com 1 year agoCompanies such as Fidelity give an estimate on how much they are value after analyzing the finances of the company I think.
Comment on One year after being bought for $44 billion, X is worth $19 billion
Apollo2323@lemmy.dbzer0.com 1 year agoCompanies such as Fidelity give an estimate on how much they are value after analyzing the finances of the company I think.
BritishDuffer@lemmy.world 1 year ago
Fidelity does this because they invested in Twitter alongside Musk, and as a bank they are required by law to disclose the current value of their assets. They come up with a value of their stake, then the rest of us divide that by the percentage Fidelity owns to get the value of the company.