this post was submitted on 31 Oct 2023
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One year after being bought for $44 billion, X is worth $19 billion (arstechnica.com)
submitted 1 year ago by [email protected] to c/technology
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[โ€“] [email protected] -5 points 1 year ago (1 children)

Hadn't it already massively dropped in value before the purchase was finalized, and that's why he wanted to back out? How is everybody overlooking that?

[โ€“] [email protected] 12 points 1 year ago* (last edited 1 year ago)

Twitter was never worth anywhere close to the 40 billion he publicly announced he'd pay for it whether or not a "significant" drop before purchase occurred.