Works hard to forward his companies like X which lost billions in value cos of his stupidity? Where’s his Hyperloop? I wouldn’t buy a Tesla if it were the only car in existence. I’m even tired of his name.
One year after being bought for $44 billion, X is worth $19 billion
Submitted 1 year ago by ijeff@lemdro.id to technology@lemmy.world
https://arstechnica.com/?p=1980053
Comments
lorez@lemm.ee 1 year ago
burliman@lemm.ee 1 year ago
Does Musk have a short position we don’t know about?
kale@lemmy.zip 1 year ago
He took it private so, although there can be shares, they aren’t traded on the open market. So no positions to short.
TWeaK@lemm.ee 1 year ago
Is that before or after you factor in the $13 billion debt it took on to buy itself on Musk’s behalf?
RememberTheApollo_@lemmy.world 1 year ago
Shoulda shorted the fk outta it, lol.
itsonlygeorge@reddthat.com 1 year ago
When will it be worth zero? At a rate of $2 billion per month, 10 months??
dog_@lemmy.world 1 year ago
LOL
MrScottyTay@sh.itjust.works 1 year ago
More financial/business news in the technology community?
Staccato@lemmy.world 1 year ago
It’s almost like our entire world of modern technology is inextricably connected to the economics that support it.
MrScottyTay@sh.itjust.works 1 year ago
That doesn’t make it news about tech though
set_secret@lemmy.world 1 year ago
sound investment
expatriado@lemmy.world 1 year ago
can’t know how much is worth until is sold again
seaQueue@lemmy.world 1 year ago
“No low ballers, I know what I’ve got” - Musk, probably
shotgun_crab@lemmy.world 1 year ago
I don’t think anyone will buy it ever again
IvanOverdrive@lemm.ee 1 year ago
It’s been a year!? Jebus cripes I’m getting old
stopthatgirl7@kbin.social 1 year ago
And Elon really thinks folks are gonna trust him with their money.
quantum_mechanic@sh.itjust.works 1 year ago
Hadn’t it already massively dropped in value before the purchase was finalized, and that’s why he wanted to back out? How is everybody overlooking that?
Traister101@lemmy.today 1 year ago
If it dropped it value (can’t remember) that would have been Elons fault. He would have committed fraud by announcing he was buying stock and then not actually doing so.
Twitter was never worth anywhere close to the 40 billion he publicly announced he’d pay for it whether or not a “significant” drop before purchase occurred.
dangblingus@lemmy.dbzer0.com 1 year ago
All according to plan.
samus12345@lemmy.world 1 year ago
Kolanaki@yiffit.net 1 year ago
To whom? Is anyone willing to buy it?
Zellith@kbin.social 1 year ago
Maybe the old Twitter execs will buy it for that price. Musk should ask. Lol
yoz@aussie.zone 1 year ago
Yea…Parag is a badass. Musk was trying to weasel out of the deal but Parag made him buy it and to make the deal even better, Parag got fired, which gave him millions of dollars for free (golden parachute).
ijeff@lemdro.id 1 year ago
Even then, there’s not much to buy when Musk fired all the talent.
tacotroubles@lemmy.world 1 year ago
If it keeps trajectory ill be able to afford the whole of twitter
nutsack@lemmy.world 1 year ago
consider where the stock was trading at the year before he bought it. he got a discount, basically. a lot of people who had been holding shares lost money to the richest guy on earth.
eran_morad@lemmy.world 1 year ago
My left asshole is worth $20 billion.
Jtee@lemmy.world 1 year ago
Interesting. And what’s the right one worth? Do you have a need for two?
BlackSkinnedJew@lemmynsfw.com 1 year ago
LOL
circuitfarmer@lemmy.sdf.org 1 year ago
A job creator at work. What an impressive sight.