timelets

Twitter is the largest individual value destruction since the dotcom bust.

Twitter is now worth just one-third of what Elon Musk paid for the social-media platform

https://finance.yahoo.com/news/twitter-now-worth-just-33-185709652.html

On the other hand,

The latest markdown erases about $850 million from Musk’s $187 billion fortune, according to the index. Despite Twitter’s issues, Musk’s wealth is up more than $48 billion this year, largely due to a 63% surge in Tesla Inc.’s share price.

Buying Twitter with somebody else's money makes perfect sense from the risk management perspective.

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