Technology

59555 readers

3421 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

1114

Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)

submitted 1 month ago by GeneralInterest@lemmy.world to c/technology@lemmy.world

191 comments fedilink hide all child comments

"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

you are viewing a single comment's thread
view the rest of the comments

[–] phdepressed@sh.itjust.works 21 points 1 month ago (1 children)

This actually isn't the stock market, Twitter isn't publicly traded since being bought.

[–] skyspydude1@lemmy.world 3 points 1 month ago (1 children)

Just because it's not publicly traded, doesn't mean that there isn't stock nor that there's no market. Usually, you can technically still buy/sell the stock, just not as a random member of the public on a public stock exchange like the NYSE or FTSE.

[–] NotMyOldRedditName@lemmy.world 2 points 1 month ago

There's usually defined periods for sales as well. Gives employees and other stock holders a way to cash out and get new investors in.