In news that will surprise no one, Twitter/X’s value has fallen by 79% since Elon Musk bought it, according to new estimates from Fidelity. A true business genius.
Elon Musk's X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset Elon Musk's X is now valued at less than a quarter of i...
He doesn't care about its resale value. It's already reaping dividends for him as a massive amplifier of lies and insanity, designed to demolish the very concept of Truth.
hip hip hooray!
The cognitive dissonance of Fidelity investors (many of whom are locked in via 401K or IRA options provided by their employers) is mind blowing. I’m grateful I no longer have any financial involvement with such an insane “financial manager.”
I thought the same until I realized this was never about the value and all about the broadcast apparatus itself. That said, please let the financials make the platform implode.
Its probably higher in realistisk. I dont think any investors will buy Titanic after it hits an iceberg
He’s getting his misinformation value out of it for the election but I wonder what’s next with him and his “toy” after the election
The value is xwttr returning to its base. They say the value of something is dictated by how much someone is prepared to pay for it, but most people thought at the time that 'edgelord' Elom's $fifty4.20 offer was way over valuation. That's why he fought so hard to wriggle out of the deal 😅