this post was submitted on 31 Oct 2023

166 points (100.0% liked)

Technology

37360 readers

288 users here now

Rumors, happenings, and innovations in the technology sphere. If it's technological news or discussion of technology, it probably belongs here.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

alyaza@beehaw.org

TheRtRevKaiser@beehaw.org

gyrfalcon@beehaw.org

rs5th@beehaw.org

coldredlight@beehaw.org

SemioticStandard@beehaw.org

TheRtRevKaiser@kbin.social

remington@beehaw.org

166

One year after being bought for $44 billion, X is worth $19 billion (arstechnica.com)

submitted 8 months ago by ijeff@lemdro.id to c/technology@beehaw.org

27 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] tesseract@beehaw.org 1 points 8 months ago

I assume that the valuation is what Elon can expect to recoup if he were to liquidate (sell off) Twitter for some reason. Even if he didn't, the amount is going to make it to the balance sheet of his lenders - representing a loss in the deal.