this post was submitted on 07 Sep 2023
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According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com)
submitted 2 years ago by bernieecclestoned@sh.itjust.works to c/technology@lemmy.world
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[–] Cabrio@lemmy.world 53 points 2 years ago (1 children)

[–] Trashcan@lemmy.world 13 points 2 years ago (2 children)

This is the quote:

"I don't see any scenario where they're responsible for less than 10% of the value destruction, so around $4 billion."

In my head, he is comparing the minimum size of ADLs value reduction to be 10% or 4 billion. 10% of 44 billion is 4,4 billion. In this comment he is not saying anything about the current value except that 10% of 44 is around 4.

How else can you read it?

[–] Sovereign_13@lemmy.world 8 points 2 years ago (1 children)

You can read it as “being responsible for 10% of the [total] value destruction, equal to $4B”.

So if they’re responsible for 10% of the total value loss, and that’s equivalent to $4B, then 100% of the total value lost would be $40B.

Otherwise you would say “they’re responsible for destroying 10% of the value”.

[–] Trashcan@lemmy.world 1 points 2 years ago

Right. So it's a Schroedinger's quote...😑

But thanks for pointing out what was obvious for others

[–] Cabrio@lemmy.world 3 points 2 years ago

I think you replied to the wrong comment.