▲ 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?
[–] FlowVoid@midwest.social 4 points 3 years ago (1 child) Tesla stock is worth more now than when Twitter went private. And if Musk intended to kill Twitter, he would have simply shut down the servers last year. What you are seeing is the result of mistakes, not a conspiracy. permalink fedilink source parent hideshow 2 child comments replies: [–] TWeaK@lemm.ee 1 point 3 years ago I might not have all the details right, it isn't 100% clear if Musk sold his Tesla shares or underwrote the purchase with them. There is a Reuters article that breaks it down, however I have seen some conflicting reports. The article claims he raised $20bn by selling stocks, then had to raise $2-3bn elsewhere (his existing Twitter stock was worth $4bn). permalink fedilink source parent
[–] TWeaK@lemm.ee 1 point 3 years ago I might not have all the details right, it isn't 100% clear if Musk sold his Tesla shares or underwrote the purchase with them. There is a Reuters article that breaks it down, however I have seen some conflicting reports. The article claims he raised $20bn by selling stocks, then had to raise $2-3bn elsewhere (his existing Twitter stock was worth $4bn). permalink fedilink source parent