Twitter value keeps falling under Musk, now worth a third of what he paid(arstechnica.com)
arstechnica.com
Twitter value keeps falling under Musk, now worth a third of what he paid
https://arstechnica.com/tech-policy/2023/05/twitter-value-keeps-falling-under-musk-now-worth-a-third-of-what-he-paid/
3 comments
Couldn’t happen to a nicer guy.
It's a private company. So any valuation is just a guess now.
I thought that too. But it's because fidelity owns a small part of it and so they have to periodically estimate it's value. That's where the number comes from.
However, since there isn't a liquid market for it, the valuations have a lot less meaning (probably almost none).
However, since there isn't a liquid market for it, the valuations have a lot less meaning (probably almost none).