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 1 year ago by bernieecclestoned@sh.itjust.works to c/technology@lemmy.world
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[–] Sovereign_13@lemmy.world 8 points 1 year 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 1 year ago

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

But thanks for pointing out what was obvious for others