this post was submitted on 24 Jul 2023
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[–] Kingkhan 2 points 1 year ago (1 children)

What kind of effect would this have the share prices? I guess for Spotify a $1 isn’t super crazy for people to accept, you’d think it’d rise?

[–] [email protected] 4 points 1 year ago

At the very least, profitable companies can maintain their valuation. Unlike, say, Twitter valuation which dropped to a third of what Musk pay for because it's losing even more money after the takeover.