this post was submitted on 31 Oct 2023
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One year after being bought for $44 billion, X is worth $19 billion (arstechnica.com)
submitted 1 year ago by ijeff@lemdro.id to c/technology@lemmy.world
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[–] nutsack@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

consider where the stock was trading at the year before he bought it. he got a discount, basically. a lot of people who had been holding shares lost money to the richest guy on earth. and then he threw the money away burning down Twitter.