this post was submitted on 25 Jul 2023
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Technology
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I don’t think twitter has $30B in valuation left. Musk bought it for $44B (which was beyond its value at the time, but okay). Since his takeover, it’s lost between 50-60% of its value. That was as of several months ago, so I have to imagine it’s even less now.
With the loss of brand equity, they might be sliding towards the single digit billions very quickly.
He’s just setting money on fire at this point.
So you’re saying it’s worth at least 20 billion? Still seems too high to me.
It’s probably between $15-20B right now.
I think it comes with a salvage title though.