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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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[–] 20 points 2 years ago (5 children)

Meanwhile he is on track to become the world's first trillionaire

I think the purchase was more about welding power than any financial gain

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  • [–] 4 points 2 years ago

    Hasn't his wealth kinda flatlined lately though? X is doing terribly, Tesla is struggling a bit, I think SpaceX is at least doing well.

    I don't think he's going to be a trillionaire any time soon.

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

    Now, call me crazy, but if I was optimizing for maximum welding power, I'd start with oxy acetylene and at least try a few other options. How would buying a website even be a good start?

    No wonder people are making fun of him!

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