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Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)

submitted 1 month ago by GeneralInterest@lemmy.world to c/technology@lemmy.world

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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[-] aluminium@lemmy.world 5 points 1 month ago

Still this much? Damn dude cooled off

[-] xc2215x@lemmy.world 4 points 1 month ago

Wow. That is brutal.

[-] kamen@lemmy.world 4 points 1 month ago

I don't have the whole context so I might be missing some things, but the whole thing looks to me like "look at how much money I have to burn and how much I don't care".

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[-] Ilovethebomb@lemm.ee 3 points 1 month ago

Ouch.

[-] ramble81@lemm.ee 3 points 1 month ago

As long as it’s still in operation and people view it as a valid platform, its numerical value is irrelevant. I won’t be happy until it goes away or is relegated to the likes of Truth Social.

[-] SocialMediaRefugee@lemmy.world 2 points 1 month ago

So basically it is more what twitter was really worth anyway

[-] tektite@slrpnk.net 2 points 1 month ago

I used to enjoy how they always use dumb photos of Leon in these articles. Now I just hate seeing his face.

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this post was submitted on 30 Sep 2024

1120 points (97.1% liked)

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