this post was submitted on 07 Oct 2024
801 points (98.3% liked)
Political Memes
5602 readers
716 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
How does musk calculate that value?
Dad says: "He JUMPS to the conclusion!"
We should buy him a mat
I'm guessing that's how much realized losses he needs in order to pay no taxes.
I think that’s what Fidelity values it. Fidelity is one of the investors from whom Musk got the money to buy Twitter. They stated their investment lost 80% of its value.
Edit: Correction, Fidelity valuation of their shares implies a X/Twitter valuation closer to $9 billion.