Fidelity has cut X’s value to $9.4 billion from $44 billion
Fidelity has cut X’s value to $9.4 billion from $44 billion
42 Comments
Remind me to pick up elons next book, “how I turned 40 million in real estate into 37 dollars and 5 restraining orders”
Worth every penny
Still way too high.
Hmm, seems overvalued
Now let’s measure the power X has given him in $$.
The man is now meeting every world leader and they are kissing his ass as X can make or break many leaders’ political futures.
When you already have $250 billion and a trillion dollar company in the pipeline (he owns 45% of spacex, a trillion dollar company in the making), the power X gives him with world leaders matters a lot more than $30-$40 billion.
At that level, people are more worried about their legacy/influence over additional 10-20% net worth.
This constant obsession over X’s finances is dumb af. It could go to zero tomorrow and I doubt elon would lose sleep over it. Some rich people buy politicians, some buy yatch, this man bought one of the worlds most influential social networks. Over the last decade, Bill gates has literally donated more than $100 billion.
Not to mention, X is a massive dataset of relations, peoples behaviour etc and is very valuable data for AI. Suddenly the data he bought may soon be worth a ton by itself.
That valuation still would have been high even before Musk tanked it and all the advertisers left.
Who cares? Why is this in r/technology?
This sub is overrun with a mix of Musk fanboys and Musk haters. And I think they’re both fucking annoying.
Less than half its value before Musk bought it for twice as much.
Still way over-valued.
And yet his fanboys still can’t stop worshipping the 4d genius.
What’s X again?
This is the guy that wants to run D.O.G.E?
Department Of Government Eulogy more like.
Ouch.
Elon has done (accidentally) one good thing with Twitter. By renaming it X, the post bankruptcy owner can easily signify a break from Elon by reverting the name.
Regardless of whatever Musk did to make it worse, I don’t think Twitter was ever worth $44B
It still seems generous.
this is the real reason he wants Trump to win so he can get a cushy government job with benefits.
Only an idiot would rename Twitter. Only a moron would name a product x
Still horrendously overvalued, but I feel for whatever analyst at Fidelity has to take whatever their *real* estimate is and find some way to inflate it enough that they can present it to Abigail.
Doctoring numbers to please the powers that be is not fun.
Hahahahahahahaha
So X went woke did they
/s
x.com is a worthless advertising vehicle for reputable companies, but a goldmine for influencers and hate groups to propagate their ideologies. This is, in essence, shadow work that cannot be quantified in terms of corporate value.
I wish I knew how to short a stock. I bet its easy. I’d get rich from these losers that invested in some bullshit.
Wow – another stabile genius. The art of the deal. Only I can fix it. etc.
G E N I U S .
Mush paid $44b for a $20b company, then in the span of a year he turned it into a $10b company.
… And it’s not at bottom by a longshot.
Twitter had a $50m a year debt service, which gave it a lot of runway. Musk saddled Twitter with b/t $10-15b of debt from the purchase and another $1b from the first year deficit.
The debt service is now over $1.5 b a year.
Twitter’s revenue was $3.4b in 2023 (22% drop year-over year) and the loss in the all-important “active users who contribute original content” is likely to see 2024 revenue drop to half of what it was pre-Elon.
If this continues, Twitter will eventually reach a point at which the debt service alone is more than the total revenue of Twitter.
Still $9.5 billion too high.
I fired 80% of the workforce and started a trend in tech for everyone to start laying people off and firing people. See what a genius I am and how much money I made!
That government efficiency is promising 🤣🤣💀💀
I value X at half a bag of stale cool ranch Doritos.
Can’t wait for Leon’s new book “The Art of the Deal”
What a surprise, said noone ever.
Still overvalued at $9B, especially with Elon in charge.
Meddling in the whole world’s affairs, and being able to read DM’s – priceless
It’s fine. I’m sure Elon thinks it’s going in the reich direction.
the guy will be cutting federal budget.
I refuse to click on links to xitter
Gawd I wish he would lose every penny he has. It would be amazing to see him panhandling at an intersection.
He’s successfully shut it down as a public tool used to criticize him, Trump, the Saudi royal family, and Erdoğan, among others.
Which I’ve always suspected was more the plan.
Yes! Hit him where it hurts!
35 billion. POOF
All I hear is “X, formally known as twitter” over and over and over again
Is this the “Go woke, go broke” we keep hearing so much about?