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Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)
submitted 2 years ago by to c/technology@lemmy.world
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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] 3 points 2 years ago (1 child)

I mean, yeah we all knew he overpaid, but losing over 75%? I didn't expect that.

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  • [–] 12 points 2 years ago (1 child)

    Twitter wasn't profitable right? So most of the "value" is in the name of the product. Elon changed the name and added his signature to everything the platform was doing, completely changing the platform Twitter is. So yeah, I do get why 75% of the money is gone now.

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