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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[-] vvvvv@lemmy.world 12 points 1 month ago

Twitter currently has $1.5 billion/year deficit which is a lot, even for Musk, to bankroll.

[-] reksas@sopuli.xyz 7 points 1 month ago

that brightens my day a little to hear

[-] Showroom7561@lemmy.ca 2 points 1 month ago

Source? Where is that money going?

[-] thesporkeffect@lemmy.world 4 points 1 month ago

Interest on loans, payroll, cloud infrastructure e.g. AWS

[-] Showroom7561@lemmy.ca 2 points 1 month ago

Those are mostly operating costs, offset by revenue, but are they actually losing 1.5 billion dollars a year? I mean, I hope so, but are they really?

this post was submitted on 30 Sep 2024
1078 points (97.1% liked)

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