this post was submitted on 07 Sep 2023
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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)
submitted 1 year ago by bernieecclestoned@sh.itjust.works to c/technology@lemmy.world
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[–] Kraven_the_Hunter@lemmy.dbzer0.com 236 points 1 year ago (2 children)

Cheer up Elon - it wasn't worth $44B when you bought it, so it's lost significantly less value than you think!

[–] Endorkend@kbin.social 67 points 1 year ago (2 children)

Most valuations by actual economists and the like was in the 20-25B range. So it still lost a 5x in value, which is only marginally worse than 10x.

Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.

[–] paper_clip@kbin.social 58 points 1 year ago (1 children)

Meanwhile, you have the Elon fanboys still pretending Twitter is doing better than it ever has.
reply

Well, it is, if you're a Nazi.

[–] CMLVI@kbin.social 19 points 1 year ago

Same person

[–] KIM_JONG@lemmy.world 2 points 1 year ago (1 children)

Does he still even have fanboys? Like maybe a dozen or so?

[–] IronKrill@lemmy.ca 2 points 1 year ago

I see a lotta Blue subscribers riding him, but they're surely a loud minority