350
Could X go bankrupt under Elon Musk?
(www.bbc.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Dec 2023
350 points (85.6% liked)
Technology
73795 readers
883 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- 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, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
The purchase price already exceeded the real market value, which is why the former board was persistent in pushing the deal’s completion. A normal price at the time would have been about 20% less. Estimates since then have been even lower, like maybe $20 billion. So most of the loss is in market value, not cash expenditure or lost revenue.