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. The asset Elon Musk’s X is now valued at less than a quarter of its $44 billion purchase price, according to Fidelity.
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.
Omgarm@lemmy.world 2 months ago
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 2 months ago
79% is closer to 1/5, it’s down to 9.24 billion.
Phen@lemmy.eco.br 2 months ago
9.4 billion is the value mentioned on the article. 78.7% devaluation.