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Twitter Turning Into X Is Set to Kill Billions in Brand Value
(www.bnnbloomberg.ca)
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this post was submitted on 25 Jul 2023
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Technology
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I don’t think twitter has $30B in valuation left. Musk bought it for $44B (which was beyond its value at the time, but okay). Since his takeover, it’s lost between 50-60% of its value. That was as of several months ago, so I have to imagine it’s even less now.
With the loss of brand equity, they might be sliding towards the single digit billions very quickly.
He’s just setting money on fire at this point.
Dude it's 4D chess brah /s
I have read here on Lemmy someone claim this is all political and just 4D chess to own the libs.