X (formerly Twitter), the social media site Musk purchased for $44 billion in 2022. Recently, Musk shared that the company is now valued at just $19 billion, a $25 billion decline.
I think that’s what Fidelity values it. Fidelity is one of the investors from whom Musk got the money to buy Twitter. They stated their investment lost 80% of its value.
Edit: Correction, Fidelity valuation of their shares implies a X/Twitter valuation closer to $9 billion.
I missed the boat on jumping guy - it’s musk? What’s the back story?
E:
Nvm: https://www.rollingstone.com/politics/politics-news/memes-elon-musk-jump-trump-rally-1235127309/
As you can see, I’m not just MAGA — I’m dark MAGA,” Musk told the rally crowd.
Dark Brandon
Prior are calling him Dork MAGA now.
I love the way rollingstone refers to X/Twitter:
How does musk calculate that value?
Dad says: “He JUMPS to the conclusion!”
We should buy him a mat
I’m guessing that’s how much realized losses he needs in order to pay no taxes.
I think that’s what Fidelity values it. Fidelity is one of the investors from whom Musk got the money to buy Twitter. They stated their investment lost 80% of its value.
Edit: Correction, Fidelity valuation of their shares implies a X/Twitter valuation closer to $9 billion.