The purchase price already exceeded the real market value, which is why the former board was persistent in pushing the deal’s completion. A normal price at the time would have been about 20% less. Estimates since then have been even lower, like maybe $20 billion. So most of the loss is in market value, not cash expenditure or lost revenue.
Comment on Could X go bankrupt under Elon Musk?
JeeBaiChow@lemmy.world 11 months ago
We should be so lucky. But aren’t the losses so far not that much compared to the market value?
zeppo@lemmy.world 11 months ago
NeoNachtwaechter@lemmy.world 11 months ago
Watch the stockmarket. AFAIK it already went down by a third or so.
DogMuffins@discuss.tchncs.de 11 months ago
It’s market value is nil if there are no advertisers.
zeppo@lemmy.world 11 months ago
There’s still plenty of value for someone in the activity data, user list, and archive of text.
DogMuffins@discuss.tchncs.de 11 months ago
There may be other revenue streams but not enough to cover costs.
zeppo@lemmy.world 11 months ago
Sure, I just mean that the business still has valuable assets and could be sold for… something.