1.1K

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

posted
by
Avatar
GeneralInterest@lemmy.world
in
Avatar
technology@lemmy.world
194 comments
hidereport

“Fidelity is currently valuing X at about $9.4 billion”

I found this funny.

Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments View context
Avatar
Kalysta@lemm.ee
4 points

I doubt the saudis will be very happy if Musk doesn’t repay them their investment. I’m surprised they haven’t threatened him into stepping down and handing their investment to someone who can properly manage a social media platform already

permalink
report
parent
reply
Avatar
EnderMB@lemmy.world
4 points

That’ll probably be what happens if Trump loses. Musk didn’t spend “his” money so it’s no loss, and many from the Middle East have wanted control of Twitter ever since the Arab Spring.

permalink
report
parent
reply

Technology

!technology@lemmy.world

Create post

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

Community stats

  • 16K

    Monthly active users

  • 13K

    Posts

  • 592K

    Comments

Community moderators