Elon Musk
Out of context: Reply #1088
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- neverscared5
Elon Musk memo suggests Twitter worth less than half of what he paid for it
Calculation based on leaked offer to staff that implies firm valued at $20bn compared with $44bn he bought it forTwitter is worth less than half of what Elon Musk paid for it six months ago having lost more than $20bn (£16.4bn) in value, according to calculations based on a leaked memo from the billionaire.
Musk suggested in memo to the social media company’s staff that it is now valued at less than $20bn. This compares with the $44bn he paid for it in October 2022.
The company’s steep devaluation follows Musk’s turbulent takeover. Several large advertisers have left the platform and a major source of funds for Musk’s purchase of the company, the investment firm Fidelity, has written down the value of its stake by 56%.
- more like 10bn.. i thinkneverscared
- when he bought.. now probably 5bnneverscared
- Then why does Twitter seem the "of the same value" to me.
What am I doing wrong?palimpsest - Elon has unblocked himself from my Twitter twice since he took over, what a sad needy South African keeyunt.PhanLo
- stable genius at workutopian
- more like $2B
... also, his "new valuation" = his tax "loss" manipulation BSKrassy