• Iamdanno
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    2 years ago

    If it was never worth $40B, it can’t have lost $40B in value. . .

    • paper_clip@kbin.social
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      2 years ago

      Twitter stockholders collectively received $44B from Musk on October 27. So, yes, Twitter was worth $44B at that moment. And, yes, it’s also true that Musk grossly overpaid for a company probably worth around $10B because he made the most costly “420” joke in history. Both statements are simultaneously true.