this post was submitted on 07 Sep 2023
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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)
submitted 2 years ago by bernieecclestoned@sh.itjust.works to c/technology@lemmy.world
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[–] Kraven_the_Hunter@lemmy.dbzer0.com 4 points 2 years ago (1 children)

Cheer up Elon - it wasn't worth $44B when you bought it, so it's lost significantly less value than you think!

[–] Endorkend@kbin.social 2 points 2 years ago (1 children)

Most valuations by actual economists and the like was in the 20-25B range. So it still lost a 5x in value, which is only marginally worse than 10x.

Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.

[–] paper_clip@kbin.social 2 points 2 years ago

Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.
reply

Well, it is, if you're a Nazi.

[–] collegefurtrader@discuss.tchncs.de 2 points 2 years ago* (last edited 2 years ago)

He overpaid for a piece of shit and ran it into the ground.

Everyone with a used BMW knows the feeling.

[–] MaxHardwood@lemmy.ca 1 points 2 years ago

I could be remembering wrong but Twitter was only worth $15B at best, and Elon bought it for $44B because he's that smart.

[–] Iwasondigg@lemmy.one 1 points 2 years ago

South African Magician Makes $40B Disappear!

[–] whitecapstromgard@sh.itjust.works -4 points 2 years ago

That is 4 billion $ too much