![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
Entry tags:
(no subject)
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,
Buying Twitter with somebody else's money makes perfect sense from the risk management perspective.
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.