Why did Twitter (X)'s valuation tank 56% in one year? | TechCrunch
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The company formerly known as Twitter, X is valuing itself at $19 billion, per internal documents obtained by Fortune. When Elon Musk bought the company

Why did Twitter (X)'s valuation tank 56% in one year?::The company formerly known as Twitter, X is valuing itself at $19 billion, per internal documents obtained by Fortune. When Elon Musk bought the company

  • danielton@lemmy.frozeninferno.xyzEnglish
    22·
    2 years ago

    Still blows my mind that a co-founder of a popular (at the time) site decided to copy a guy who knows nothing about social media and is running it into the ground.

    Yeah, I know spez is an asshole, but it’s still bizarre.

    • fluxion@lemmy.worldEnglish
      7·
      2 years ago

      These guys are so detached from society that the only thing that catches their attention is obscene wealth and power

    • pastermil@sh.itjust.worksEnglish
      6·
      2 years ago

      That is true. Can’t say that spez is exactly inexperienced. In fact, he’s been with Reddit for like a decade now.

      • eric@lemmy.worldEnglish
        1·
        2 years ago

        Spez has been back as CEO of Reddit for 8 years after a break of 6 years from the company.