• Rolando@lemmy.world
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    4 days ago

    I love the way rollingstone refers to X/Twitter:

    X (formerly Twitter), the social media site Musk purchased for $44 billion in 2022. Recently, Musk shared that the company is now valued at just $19 billion, a $25 billion decline.

      • superkret
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        4 days ago

        I’m guessing that’s how much realized losses he needs in order to pay no taxes.

      • athairmor@lemmy.world
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        4 days ago

        I think that’s what Fidelity values it. Fidelity is one of the investors from whom Musk got the money to buy Twitter. They stated their investment lost 80% of its value.

        Edit: Correction, Fidelity valuation of their shares implies a X/Twitter valuation closer to $9 billion.