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One year after being bought for $44 billion, X is worth $19 billion (arstechnica.com)

submitted 1 year ago by ijeff@lemdro.id to c/technology@lemmy.world

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[-] nutsack@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

consider where the stock was trading at the year before he bought it. he got a discount, basically. a lot of people who had been holding shares lost money to the richest guy on earth. and then he threw the money away burning down Twitter.

[-] BlackSkinnedJew@lemmynsfw.com 1 points 1 year ago

LOL

[-] MrScottyTay@sh.itjust.works -1 points 1 year ago

More financial/business news in the technology community?

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[-] eran_morad@lemmy.world -2 points 1 year ago

My left asshole is worth $20 billion.

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[-] quantum_mechanic@sh.itjust.works -5 points 1 year ago

Hadn't it already massively dropped in value before the purchase was finalized, and that's why he wanted to back out? How is everybody overlooking that?

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this post was submitted on 31 Oct 2023

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