Curious, according to whom? Outside of just unsourced reports of its market cap, the estimates on its valuation are less than half that number.
I really cannot find a news source.
Comment on xkcd 2861: X Value
9point6@lemmy.world 11 months agoGonna go with the last one in the discussion part
TWTR earlier this month had a market cap of $41.09bn
hansl@lemmy.world 11 months ago
Kecessa@sh.itjust.works 11 months ago
According to their ass, private companies don’t have a market cap, they’re not on the market.
hansl@lemmy.world 11 months ago
But if you search for Twitter market cap as of today it’s that number. Super weird. Maybe it’s just bots scraping each others.
Kecessa@sh.itjust.works 11 months ago
The best you’ll get is evaluations of how much the company might be able to sell for or could open at on the stock market but that’s based on thin air and many companies enter the market being evaluated at X$ only to crash in the next few days to their real value (see Robinhood).
9point6@lemmy.world 11 months ago
Hmm you’re right, honestly I just googled and saw the same exact number with a decimal point shifted, so I put two and two together
As for whether that number is actually a valid valuation, I’ve not got the information to say
Kecessa@sh.itjust.works 11 months ago
Market cap? It’s a private company, it doesn’t have a market cap.