this post was submitted on 31 Oct 2023
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One year after being bought for $44 billion, X is worth $19 billion (arstechnica.com)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 12 points 1 year ago* (last edited 1 year ago)

That's what X is valuing itself at, not what it's worth. We'll get a better sense of what it's worth when it goes back on the market or goes bankrupt, whichever happens first. Right now I have a hard time imagining anyone would pay that much for it. For context Snapchat, which has had a lot more success with advertising lately, is worth about $16 billion.