▲ 413 ▼ Twitter Turning Into X Is Set to Kill Billions in Brand Value (www.bnnbloomberg.ca) submitted 3 years ago by Navarian@lemm.ee to c/technology@beehaw.org 127 comments fedilink hide all child comments An estimated $4 to $20 billion in value, what is he thinking?
[–] Very_Bad_Janet@kbin.social 13 points 3 years ago (1 child) Prior to Musk, IIRC, the valuation was around $11B. permalink fedilink source parent hideshow 2 child comments replies: [–] SatanicNotMessianic@lemmy.ml 15 points 3 years ago TWTR had about 765M shares outstanding. I didn’t follow them throughout the entire run up to the Muskening, but it looked like they were averaging somewhere in the neighborhood of $35/share, meaning their valuation would be about $25-30B. I’m deliberately ignoring the fact that they went into the 60s and 70s for an extended period in 2021 because I’m not sure what was driving that apart from cheap money and higher online activity during covid. I still think he overpaid by a factor of about 1.5. permalink fedilink source parent
[–] SatanicNotMessianic@lemmy.ml 15 points 3 years ago TWTR had about 765M shares outstanding. I didn’t follow them throughout the entire run up to the Muskening, but it looked like they were averaging somewhere in the neighborhood of $35/share, meaning their valuation would be about $25-30B. I’m deliberately ignoring the fact that they went into the 60s and 70s for an extended period in 2021 because I’m not sure what was driving that apart from cheap money and higher online activity during covid. I still think he overpaid by a factor of about 1.5. permalink fedilink source parent