X says it is worth $19 billion, down from $44 billion last year::The social media company’s valuation was disclosed in the paperwork for stock grants that it handed to employees on Monday.
Elon truly is one of the businessmen of all time.
Is this you or did you get that somewhere. I love it “irregardless”
Its a meme. No idea where or when it started.
Its so oblique, luvvit
Know your meme doesn’t have any real info on it, but the first time I remember it is people posting about Morbius on Reddit, “Morbius is certainly one of the movies of all time.”
Its one of those things that doesn’t follow the script and there’s like no way to respond to it in real-time unless you have latitude for like a playful back-and-forth between two super perky morning talk show hosts or something
$19bil is still way too overestimated. I’d laugh at anyone who pay this much if Musk ever decided to sell.
2 billion, final offer.
$20
$2 and I want that sink put be back where the Apartheid Lon took it from at owner’s expense.
He called it an “inverse startup”. So, a shut down?
yes
WuuUuuhhh?! But it has such a cool name now, duuude! 😎
Did Elon make a Brewster’s Billions bet with the Saudis or something?
Musk fanboys are so very excited. They are waiting for his last minute genius move to explain his super smart strategy. I’m not holding my breath
Bird killer! That’s why! Never kill off birds! Or how he called it X’ed them
Who knew Larry the Bird was an albatross the entire time
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19 cents. Not per share, total.
This is the best summary I could come up with:
X, the company formerly known as Twitter, handed out stock grants to employees on Monday that showed it was worth about $19 billion, down about 55 percent from the $44 billion that Elon Musk paid to buy the firm a year ago, according to internal documents seen by The New York Times.
In March, he wrote in an email to workers that he believed the company was worth $20 billion, calling it “an inverse start-up.”
Employees will still be paid in cash in the amount of $54.20 for any outstanding shares that were granted to them under previous management, the company said.
In his year of owning Twitter, Mr. Musk has overhauled the company and the social media platform.
Advertising, the company’s main source of revenue, was down in the United States by almost 60 percent this summer.
Last week, in a company meeting celebrating the first anniversary of the deal, he laid out how he believed X could serve as an all-purpose app with an array of features, including dating services and job recruiting, according to a recording obtained by The Times.
The original article contains 456 words, the summary contains 183 words. Saved 60%. I’m a bot and I’m open source!
As long as they still operate, they have too much money on their hands.
Yes well I’m worth Eleventy-Billion, down from a historic high of Biggilty-Billion.
$19 billion, or $49 billion in Trump Fantasy Bucks.
Ouch…
I mean that’s the reason why they call them unrealized gains. Valuation can tank
