this post was submitted on 30 Sep 2024
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Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price (techcrunch.com)
submitted 1 month ago by GeneralInterest@lemmy.world to c/technology@lemmy.world
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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] skyspydude1@lemmy.world 3 points 1 month ago (1 children)

Just because it's not publicly traded, doesn't mean that there isn't stock nor that there's no market. Usually, you can technically still buy/sell the stock, just not as a random member of the public on a public stock exchange like the NYSE or FTSE.

[–] NotMyOldRedditName@lemmy.world 2 points 1 month ago

There's usually defined periods for sales as well. Gives employees and other stock holders a way to cash out and get new investors in.