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submitted 1 year ago by ijeff@lemdro.id to c/technology@lemmy.world
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[-] rsuri@lemmy.world 12 points 1 year ago* (last edited 1 year 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.

this post was submitted on 31 Oct 2023
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