A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.
Let’s recap what he did to Twitter, I will go first:
- Changed the original name Twitter to X.
A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.
Let’s recap what he did to Twitter, I will go first:
I’m sure the value will come back. Valuing X at $19B puts the value of the whole alphabet at $500B, which seems low for an established technology which has been in continuous use since before the time of the Roman Empire.
The US GDP is $24 trillion, and all the financial reports supporting that valuation use the Roman Alphabet. The Alphabet is essential to justifying the value of the entire US Economy. I think it’s reasonable to value the worth of the alphabet at 8% of GDP, which would give X a fair value of $74B.
See, haters? Elon really is a financial genius. Numbers don’t lie.
Actually, Alphabet is currently valued at 1.56 trillion dollars.
https://g.co/kgs/Tchkeb
Wow X, you suck: Pull your weight! Look at how much the other letters are worth!
The meat of those financial reports rely on Arabic Numerals and everything is OK over there, right?