Comment on One year after being bought for $44 billion, X is worth $19 billion
Buffalox@lemmy.world 1 year agoDoesn’t change the fact that the value when Musk bought it was estimated around $20 bil.
With an added debt since that of a similar amount of around $20 billion. It still ends up zero, even with the 20 bil worth of it’s customers.
With the reduced revenue, the value of those customers are also reduced.
So no matter how strong it was, it doesn’t change the fact that it hasn’t gotten stronger, and their value is no longer enough to balance the debt and deficits.
cricket97@lemmy.world 1 year ago
So you genuinely think twitter is worth 0$? If so, you are dumb. corporate debt means nothing when the main value you have is intangible, nonliquidatable assets. Twitter is still worth a lot of money, even with it’s debt and revenue decline.
Buffalox@lemmy.world 1 year ago
No it’s not, people putting more money into it, are more likely to lose than to earn on it. The thing formerly known as twitter, is a dead man walking, it will only be able to continue for as long as people accept not getting their money, or putting money into it at a loss.
Of course the millions of users have value, but the company does not. Only way to continue, is a restructuring where a lot of people will lose a lot of money, but they will accept it as better than losing all.
Elon musk managed to push half this loss onto other people, by borrowing $20bil in Twitter. I suspect they will not be happy, and Elon Musk’s word will be worth a lot less after this.