Comment on One year after being bought for $44 billion, X is worth $19 billion
cricket97@lemmy.world 7 months agoSo you genuinely think twitter is worth 0$? 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 7 months 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.