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this post was submitted on 07 Oct 2024
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Political Memes
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I love the way rollingstone refers to X/Twitter:
How does musk calculate that value?
Dad says: "He JUMPS to the conclusion!"
We should buy him a mat
I'm guessing that's how much realized losses he needs in order to pay no taxes.
I think that’s what Fidelity values it. Fidelity is one of the investors from whom Musk got the money to buy Twitter. They stated their investment lost 80% of its value.
Edit: Correction, Fidelity valuation of their shares implies a X/Twitter valuation closer to $9 billion.