this post was submitted on 31 Oct 2023
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Its funny how this headline keeps coming up every couple of weeks with a smaller number each time.
I dont know how they generate these evaluations, and honestly I dont even trust they are accurate. Or care, my life is fully uneffected by the success or failure of that site.
But it is always funny to read the new nearly identical headline with the number shifted down by 1-4 billion from last time.
Companies such as Fidelity give an estimate on how much they are value after analyzing the finances of the company I think.
Fidelity does this because they invested in Twitter alongside Musk, and as a bank they are required by law to disclose the current value of their assets. They come up with a value of their stake, then the rest of us divide that by the percentage Fidelity owns to get the value of the company.