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] 1 points 1 year ago* (last edited 1 year ago)

consider where the stock was trading at the year before he bought it. he got a discount, basically. a lot of people who had been holding shares lost money to the richest guy on earth. and then he threw the money away burning down Twitter.