boem@lemmy.world to Technology@lemmy.worldEnglish · 8 months agoSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comexternal-linkmessage-square17fedilinkarrow-up147arrow-down12cross-posted to: technology@lemmy.world
arrow-up145arrow-down1external-linkSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comboem@lemmy.world to Technology@lemmy.worldEnglish · 8 months agomessage-square17fedilinkcross-posted to: technology@lemmy.world
minus-squareMonomate@lemm.eelinkfedilinkEnglisharrow-up1·8 months agoIf the company’s private, which means its stocks are not tradeable anymore, what’s the point in measuring the company value at this point?
minus-squaregoatsarah@thegoatery.dyndns.orglinkfedilinkarrow-up2arrow-down1·8 months ago@Monomate @boem Because he owes the banks a shedload of money which he may have to start paying back if the value drops too much.
minus-squareikidd@lemmy.worldlinkfedilinkEnglisharrow-up1·8 months agoMeh, the Saudi’s are covering his losses, that’s the deal.
minus-squareSendMePhotos@lemmy.worldlinkfedilinkEnglisharrow-up1·8 months agoWhat do the Saudis gain from this?
minus-squareikidd@lemmy.worldlinkfedilinkEnglisharrow-up2·8 months agoThe end of the weapon that brought on the Arab Spring. They hate Twitter with the power of a thousand suns.
minus-squaresneakattack@lemmy.calinkfedilinkEnglisharrow-up0arrow-down1·8 months agoBecause the money still comes from investors even if it’s not publicly traded.
If the company’s private, which means its stocks are not tradeable anymore, what’s the point in measuring the company value at this point?
@Monomate @boem Because he owes the banks a shedload of money which he may have to start paying back if the value drops too much.
Meh, the Saudi’s are covering his losses, that’s the deal.
What do the Saudis gain from this?
The end of the weapon that brought on the Arab Spring. They hate Twitter with the power of a thousand suns.
Because the money still comes from investors even if it’s not publicly traded.