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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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[–] reev@sh.itjust.works 21 points 1 month ago (2 children)

"Y'all my current portfolio is worth 9 BILLION dollars!" "Ah sick, seems to be going pretty well for you." "Yeah, I'm down 75%"

"Still worth billions tho" is one of the dumbest things I've heard on this platform and that's saying a lot.

[–] TankovayaDiviziya@lemmy.world 1 points 1 month ago

I'd cheer on if Elon Musk becomes a pauper. $9 billion is still worth a lot. It's still, as the article says, billions.

[–] CooperRedArmyDog@lemmy.ml 0 points 1 month ago (1 children)

look even 1 billion is more than enough to live on for a lifetime and then quite a bit left over, so that is not really that dumb

[–] IamAnonymous@lemmy.world 6 points 1 month ago

While you are correct, that’s not the point of this article. It’s about how X lost value. Elon isn’t homeless, so yeah it’s still worth a lot of money.