Fidelity has cut its estimate of X's value by 79% since Musk's purchase | TechCrunch
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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 its $44 billion purchase price, according to Fidelity.

Elon Musk’s X is now valued at less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.

  • Wino@lemmy.cafeEnglish
    19·
    14 hours ago

    He tossed 33 billion dollars (so far) in the trash.

    If Trump wins and the fascists triumph and his twitter buyout is seen as instrumental to that… well, good job I guess. He’ll still never recoup that amount from trump government handouts. It’s a ridiculous amount of money.

    If Trump loses he’ll have thrown away the money and his reputation for… nothing. A true business genius.

    • Diplomjodler@lemmy.worldEnglish
      9·
      12 hours ago

      This is not about money but about ideology. They want fascism to win in the US and they’ll pay any amount of money.

  • Omgarm@lemmy.worldEnglish
    28·
    17 hours ago

    Haha the poor company is only worth 11 billion. Fuckin’ worthless. Surely Elon can’t do anything to influence the world with one of his companies barely worth anything.

    But I am glad it’s value is going down. Twitter sucks.

  • Che Banana@beehaw.orgEnglish
    16·
    16 hours ago

    This was the plan (tinfoil hat time). Since the Arab spring, governments and regimes have wanted to control the free communication of people so that they would not be able to organize effectively. Now, the enshitification has taken a life of its own.