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One year after being bought for $44 billion, X is worth $19 billion
(arstechnica.com)
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this post was submitted on 31 Oct 2023
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Technology
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What sort of actual effect does valuation have?
I assume that the valuation is what Elon can expect to recoup if he were to liquidate (sell off) Twitter for some reason. Even if he didn't, the amount is going to make it to the balance sheet of his lenders - representing a loss in the deal.