Twitter now worth just a third of what Musk paid for it

theregister.com

12 pointsLinuxBender3 comments

Happy to see the guy fail, but no one, not even Musk, thought Twitter was worth all of what Musk paid for it when he bought it, so it's disingenuous to use that as the baseline.

Indeed, the baseline should be what Musk & his investors paid in reality.

Which is about... $50 billion so far (and growing), including money he poured into Twitter (by selling extra TSLA) to keep it afloat. And they keep piling on debt and lawsuit over unpaid contracts, rent, licenses and bills.

It's hilarious.

Let's check back in a few years during the next boom cycle when Musk takes it public again.

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