Elon Musk’s X is now valued at less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.
Fidelity has cut X's value by 79% since Musk purchase
https://techcrunch.com/2024/09/29/fidelity-has-cut-xs-value-by-79-since-musk-purchase/
5 Comments
Omgarm@lemmy.world · 28 pts · 1y
Haha the poor company is only worth 11 billion. Fuckin' worthless. Surely Elon can't do anything to influence the world with one of his companies barely worth anything.
But I am glad it's value is going down. Twitter sucks.
Clent@lemmy.world · 10 pts · 1y
79% is closer to 1/5, it's down to 9.24 billion.
Phen@lemmy.eco.br · 7 pts · 1y
9.4 billion is the value mentioned on the article. 78.7% devaluation.
Wino@lemmy.cafe · 20 pts · 1y
He tossed 33 billion dollars (so far) in the trash.
If Trump wins and the fascists triumph and his twitter buyout is seen as instrumental to that... well, good job I guess. He'll still never recoup that amount from trump government handouts. It's a ridiculous amount of money.
If Trump loses he'll have thrown away the money and his reputation for... nothing. A true business genius.
Diplomjodler3@lemmy.world · 10 pts · 1y
This is not about money but about ideology. They want fascism to win in the US and they'll pay any amount of money.