Higher than I expected.
this post was submitted on 31 Oct 2023
1079 points (95.4% liked)
Technology
59105 readers
4129 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
This is like your neighbor gifting you their child's drawing and saying it's worth $100.
Without somebody actually buying at that price, it's just a made up number.
load more comments
(1 replies)
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.
Is this just part of the playbook for him to not have to pay taxes by saying he lost all his money??
load more comments
(3 replies)
Is that before or after you factor in the $13 billion debt it took on to buy itself on Musk's behalf?
If it keeps trajectory ill be able to afford the whole of twitter
I am so happy for that🥰
A job creator at work. What an impressive sight.
Works hard to forward his companies like X which lost billions in value cos of his stupidity? Where's his Hyperloop? I wouldn't buy a Tesla if it were the only car in existence. I'm even tired of his name.
sound investment