this post was submitted on 31 Oct 2023
3 points (100.0% liked)

Technology

59534 readers
3195 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
3
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
14 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] rsuri@lemmy.world -1 points 1 year ago* (last edited 1 year ago)

That's what X is valuing itself at, not what it's worth. We'll get a better sense of what it's worth when it goes back on the market or goes bankrupt, whichever happens first. Right now I have a hard time imagining anyone would pay that much for it. For context Snapchat, which has had a lot more success with advertising lately, is worth about $16 billion.