Musk Paid High Price For Twitter But After Years Of Declining Value, X Is Once Again Worth $44 Billion

[DigitalDrifter]

I know this will upset much of the left who of course believe Musk is the spawn of Hitler.
My recommendation would be for members of my side to join X if you haven't already.

Billionaire Elon Musk paid $44 billion to acquire social media platform Twitter, which he later rebranded to X.

The valuation of the platform has declined sharply since the 2022 purchase with Fidelity marking the value down by 72% as of December.

A new report shows a secondary deal for the company has pushed its valuation back to where Musk took the company private.

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finance.yahoo.com

 

[TheInfiniteSadness]

That's absolutely amazing!!! In over two years he was able keep it's value the same.

 

[shockedcanadian]

Trump winning the election had to have helped the value of Twitter significantly I would wager.

 

[Crepitus]

I know this will upset much of the left who of course believe Musk is the spawn of Hitler.
My recommendation would be for members of my side to join X if you haven't already.

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finance.yahoo.com

He convinced some other loser to invest.

BFD

 

[Blisterfinger]

He convinced some other loser to invest.

BFD

He's a brilliant man just like Trump. Glad we have Patriots on our side

 

[okfine]

I know this will upset much of the left who of course believe Musk is the spawn of Hitler.
My recommendation would be for members of my side to join X if you haven't already.

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finance.yahoo.com

It never was worth $44 billion.

 

[odanny]

Yea, good luck selling it for what it's "valued" at. Musk got reamed on that deal, the only one who didn't know it was him.

 

[Orangecat]

That's absolutely amazing!!! In over two years he was able keep it's value the same.

I’m of the opinion he bought it for principle, not to make a killing. He has enough money to last a hundred luxurious lives.

 

[JGalt]

It never was worth $44 billion.

Everyone knows the real reason he bought Twitter. It wasn't because he wanted to make a profit, it was because of people like yourself.

"Elon Musk acquired Twitter in October 2022, aiming to "help humanity" and ensure it became a platform that promotes free speech, is welcoming to all, and cleans up spam accounts, while adhering to the laws of the land. "


Here's a more detailed breakdown of Musk's stated reasons and goals:

• Free Speech Advocate:
  Musk has repeatedly voiced concerns about Twitter's perceived censorship of conservative viewpoints and has stated his intention to ensure the platform becomes a "digital town square" where all voices are heard.
  
  
  
  • Transparency and Open Source:
    Musk has expressed a desire to make Twitter's algorithm open-source, believing it will increase trust and transparency.
    
    

• Combating Spam and Bots:
  Musk has stated that he intends to remove spam accounts and "authenticate all real humans" on the platform.
  

• "Help Humanity":
  Musk has claimed that he bought Twitter to "help humanity" and that he did not buy the firm "to make more money".
  

• "Warm and Welcoming for All":
  Musk has stated that he wants to make Twitter a platform that is "warm and welcoming for all".
  

 

[cnm]

Lol. 'Investors'.

Investors bigging up the value of their investment?

Never!

Elon Musk’s X obtains $44bn valuation in sharp turnaround

Social media site was valued at less than $10bn in September

www.ft.com

​

Social media site X’s valuation has soared back to $44bn, underscoring the sharp turnaround in the company’s fortunes since its owner Elon Musk assumed the role of staunch ally to President Donald Trump.​

​

Investors valued the platform at $44bn in a so-called secondary deal earlier this month, in which they exchange existing stakes in the company, according to two people with knowledge of the matter.​

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But the swallowers will gulp it down then spew it out for others...

 

[TheInfiniteSadness]

I’m of the opinion he bought it for principle, not to make a killing. He has enough money to last a hundred luxurious lives.

Like with Tesla and all those Americans that are losing money on it.

 

[cnm]

I’m of the opinion he bought it for principle, not to make a killing. He has enough money to last a hundred luxurious lives.

Sure. The principle of unaccountable power.

No argument there.

 

[IM2]

Musk is not the spawn of Hitler. It's worse than that.

 

[konradv]

I know this will upset much of the left who of course believe Musk is the spawn of Hitler.
My recommendation would be for members of my side to join X if you haven't already.

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finance.yahoo.com

X is a third world shithole.

 

[JGalt]

There sure is a lot of EDS in this thread.

 

[konradv]

There sure is a lot of EDS in this thread.

View attachment 1092955

Elon looks deranged in that picture!

 

[frigidweirdo]

I know this will upset much of the left who of course believe Musk is the spawn of Hitler.
My recommendation would be for members of my side to join X if you haven't already.

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finance.yahoo.com

Twitter's "worth" is whatever someone will pay for it. It's not on the stock exchange, so people aren't buying shares for a certain amount. So... it hasn't reached that value at all.

 

[candycorn]

It wasn't because he wanted to make a profit,

 

[22lcidw]

Musk is a Progressive Party adherent. And the party with their agendas fuc ked it up. AOC is mensa though. Nations die.

 

[Zincwarrior]

I’m of the opinion he bought it for principle, not to make a killing. He has enough money to last a hundred luxurious lives.

He bought it because the courts ordered him to buy it. He tried to get out of the deal.