Bernie Ecclestoned to Technology@lemmy.worldEnglish • 2 years agoAccording to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billionfinance.yahoo.comexternal-linkmessage-square169fedilinkarrow-up11.08Karrow-down134
arrow-up11.05Karrow-down1external-linkAccording to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billionfinance.yahoo.comBernie Ecclestoned to Technology@lemmy.worldEnglish • 2 years agomessage-square169fedilink
minus-squareNoneOfUrBusinesslinkfedilink12•2 years agoThat’s not really how that works. He just reduced the value of the site. He nuked value out of existence.
minus-square@Fraylor@lemm.eelinkfedilinkEnglish13•2 years agoI mean he did spend 44 billion prior to said nuking. Site isn’t worth as much now sure, but the volume of currency still traveled into the hands of others.
minus-square@DogMuffins@discuss.tchncs.delinkfedilinkEnglish1•2 years agoIs the previous owner also a fuckhead though?
minus-square@elvith@feddit.delinkfedilinkEnglish6•2 years agoBut he hasn’t realized his losses yet - HODL!
That’s not really how that works. He just reduced the value of the site. He nuked value out of existence.
I mean he did spend 44 billion prior to said nuking. Site isn’t worth as much now sure, but the volume of currency still traveled into the hands of others.
Good point actually.
Is the previous owner also a fuckhead though?
But he hasn’t realized his losses yet - HODL!