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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[–] Buffalox@lemmy.world 1 points 1 year ago

Since it's not a stock company, the valuation is speculative.

But the company being insolvent, and running on a deficit without prospective og turning a profit. Would by normal measures render the company worthless, except if there is a tax benefit to take over.

Musk can value it at whatever he wants, I strongly doubt he will find a buyer at any price.