boem@lemmy.world to Technology@lemmy.worldEnglish · 2 years agoSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comexternal-linkmessage-square20fedilinkarrow-up10arrow-down10cross-posted to: technology@lemmy.world
arrow-up10arrow-down1external-linkSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comboem@lemmy.world to Technology@lemmy.worldEnglish · 2 years agomessage-square20fedilinkcross-posted to: technology@lemmy.world
minus-squareMonomate@lemm.eelinkfedilinkEnglisharrow-up0·2 years agoIf the company’s private, which means its stocks are not tradeable anymore, what’s the point in measuring the company value at this point?
minus-squaregoatsarah@thegoatery.dyndns.orglinkfedilinkarrow-up0·2 years ago@Monomate @boem Because he owes the banks a shedload of money which he may have to start paying back if the value drops too much.
minus-squaresneakattack@lemmy.calinkfedilinkEnglisharrow-up0·2 years agoBecause the money still comes from investors even if it’s not publicly traded.
minus-squaresilvercove@lemdro.idlinkfedilinkEnglisharrow-up0·2 years agoBanks who loaned Elon money hold a bunch of Twitter stock. They want to eventually cash out.
If the company’s private, which means its stocks are not tradeable anymore, what’s the point in measuring the company value at this point?
@Monomate @boem Because he owes the banks a shedload of money which he may have to start paying back if the value drops too much.
Because the money still comes from investors even if it’s not publicly traded.
Banks who loaned Elon money hold a bunch of Twitter stock. They want to eventually cash out.