1078
submitted 2 years ago by ijeff@lemdro.id to c/technology@lemmy.world
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[-] thirstyhyena@lemmy.world 13 points 2 years ago
[-] radix@lemmy.world 11 points 2 years ago

This is like your neighbor gifting you their child's drawing and saying it's worth $100.

Without somebody actually buying at that price, it's just a made up number.

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[-] rsuri@lemmy.world 12 points 2 years ago* (last edited 2 years ago)

That's what X is valuing itself at, not what it's worth. We'll get a better sense of what it's worth when it goes back on the market or goes bankrupt, whichever happens first. Right now I have a hard time imagining anyone would pay that much for it. For context Snapchat, which has had a lot more success with advertising lately, is worth about $16 billion.

[-] netwren@lemmy.world 10 points 2 years ago

Is this just part of the playbook for him to not have to pay taxes by saying he lost all his money??

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[-] Fedizen@lemmy.world 9 points 2 years ago

what is the tech angle here?

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[-] clot27@lemm.ee 7 points 2 years ago

I am so happy for that🥰

[-] circuitfarmer@lemmy.sdf.org 7 points 2 years ago

A job creator at work. What an impressive sight.

[-] TWeaK@lemm.ee 7 points 2 years ago

Is that before or after you factor in the $13 billion debt it took on to buy itself on Musk's behalf?

[-] tacotroubles@lemmy.world 7 points 2 years ago

If it keeps trajectory ill be able to afford the whole of twitter

[-] lorez@lemm.ee 6 points 2 years ago

Works hard to forward his companies like X which lost billions in value cos of his stupidity? Where's his Hyperloop? I wouldn't buy a Tesla if it were the only car in existence. I'm even tired of his name.

[-] set_secret@lemmy.world 5 points 2 years ago

sound investment

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this post was submitted on 31 Oct 2023
1078 points (95.4% liked)

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