Fidelity has cut X's value by 79% since Musk purchase | TechCrunch
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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.  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.

  • @OmgarmEnglish
    28•3 months 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.

    • @ClentEnglish
      10•3 months ago

      79% is closer to 1/5, it’s down to 9.24 billion.

  • @[email protected]English
    20•3 months 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.

    • DiplomjodlerEnglish
      10•3 months 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.