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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[–] Showroom7561@lemmy.ca 2 points 1 month ago (1 children)

Source? Where is that money going?

[–] thesporkeffect@lemmy.world 4 points 1 month ago (1 children)

Interest on loans, payroll, cloud infrastructure e.g. AWS

[–] Showroom7561@lemmy.ca 2 points 1 month ago

Those are mostly operating costs, offset by revenue, but are they actually losing 1.5 billion dollars a year? I mean, I hope so, but are they really?