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Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over
(markets.businessinsider.com)
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this post was submitted on 18 Jul 2023
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Anything is worth whatever somebody is willing to pay for it.
This dumb bastard just happened to be willing to pay $44 billion.
Actually, Musk didn't want to pay anything for Twitter, but was willing to pay $44 billion to avoid the discovery process.
I don’t think it was even that. He was so 100% going to lose the fight to not buy Twitter that even for someone with his resources it wasn’t worth fighting. He made a weak attempt to embarrass Twitter into backing out due to public opinion, but didn’t really have any options after that. He just fucked up that magnificently with the initial contract.