this post was submitted on 07 Sep 2023
1282 points (96.7% liked)

Technology

60101 readers
2926 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
1282
According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)
submitted 1 year ago by [email protected] to c/technology
244 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] SocialMediaRefugee 11 points 1 year ago (1 children)

I think he realized it wasn't worth what they claimed but he couldn't back out of the deal.

[–] [email protected] 12 points 1 year ago (1 children)

AFAIK he had to be sued into buying it once he tried to weasel out of the deal. So it wasn't for lack of trying definitely 😂😂😂

[–] blady_blah 8 points 1 year ago

There was a clause in the contract that said if he backed out he would have to pay $1 billion. Who knew that would actually have saved him way more to exercise that clause.