this post was submitted on 30 Sep 2024
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Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)
submitted 1 month ago by GeneralInterest to c/technology
196 comments fedilink hide all child comments
 

"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] [email protected] 4 points 1 month ago (1 children)

I doubt the saudis will be very happy if Musk doesn’t repay them their investment. I’m surprised they haven’t threatened him into stepping down and handing their investment to someone who can properly manage a social media platform already

[–] EnderMB 4 points 1 month ago

That'll probably be what happens if Trump loses. Musk didn't spend "his" money so it's no loss, and many from the Middle East have wanted control of Twitter ever since the Arab Spring.