1079
One year after being bought for $44 billion, X is worth $19 billion
(arstechnica.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 31 Oct 2023
1079 points (95.4% liked)
Technology
60123 readers
3067 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
No it's not, people putting more money into it, are more likely to lose than to earn on it. The thing formerly known as twitter, is a dead man walking, it will only be able to continue for as long as people accept not getting their money, or putting money into it at a loss.
Of course the millions of users have value, but the company does not, because the debt is higher than the total value. Only way to continue, is a restructuring where a lot of people will lose a lot of money, but they may accept it as better than losing all.
Elon musk managed to push half his loss onto other people, by borrowing $20bil in Twitter. I suspect they will not be happy, and Elon Musk's word will be worth a lot less after this.