• 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.