▲ 561 ▼ X is officially worth less than half of what Elon Musk paid for it (www.theverge.com) submitted 2 years ago by woshang@lemmy.world to c/news@lemmy.world 83 comments fedilink hide all child comments A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop. Let's recap what he did to Twitter, I will go first: Changed the original name Twitter to X.
[–] alcamtar@lemmy.world 13 points 2 years ago (2 children) The value only exists on paper. He halved it, he can double it. Happens all the time. permalink fedilink source parent hideshow 4 child comments replies: [–] Kbobabob@lemmy.world 9 points 2 years ago he can double it. You must be buying all the shares you can then! Narrator: he wasn't permalink fedilink source parent [–] Akasazh@feddit.nl 6 points 2 years ago (2 children) he can double it Can he, though? Or was the worth inflated beforehand? permalink fedilink source parent hideshow 4 child comments replies: [–] SeaJ@lemm.ee 4 points 2 years ago He absolutely paid an inflated price. It was hovering around $40/share before he put in the offer of $54/share. So he and the other investors overpaid by quite a bit. permalink fedilink source parent [–] Tartas1995@discuss.tchncs.de 1 point 2 years ago Even without the worth inflated, can HE, though? permalink fedilink source parent
[–] Kbobabob@lemmy.world 9 points 2 years ago he can double it. You must be buying all the shares you can then! Narrator: he wasn't permalink fedilink source parent
[–] Akasazh@feddit.nl 6 points 2 years ago (2 children) he can double it Can he, though? Or was the worth inflated beforehand? permalink fedilink source parent hideshow 4 child comments replies: [–] SeaJ@lemm.ee 4 points 2 years ago He absolutely paid an inflated price. It was hovering around $40/share before he put in the offer of $54/share. So he and the other investors overpaid by quite a bit. permalink fedilink source parent [–] Tartas1995@discuss.tchncs.de 1 point 2 years ago Even without the worth inflated, can HE, though? permalink fedilink source parent
[–] SeaJ@lemm.ee 4 points 2 years ago He absolutely paid an inflated price. It was hovering around $40/share before he put in the offer of $54/share. So he and the other investors overpaid by quite a bit. permalink fedilink source parent
[–] Tartas1995@discuss.tchncs.de 1 point 2 years ago Even without the worth inflated, can HE, though? permalink fedilink source parent