#SocialMedia #Twitter #X #Musk: "In Musk's reckoning, the ADL singlehandedly vaporized roughly $4 billion in X's "value," and that $4 billion accounts for around 10% of the entire decline in the franchise's worth. That formula puts the total fall at $40 billion. Since Musk and partners paid $44 billion including debt, he's implying that the platform would now change hands for $4 billion (the $44 billion purchase price minus the $40 billion in "value destruction"), for a drop of 90%. In effect, he's saying that the $31 billion he and his partners invested in equity is totally gone, and a big portion of the debt from provided by the cream of Wall Street sits far underwater.
Does Elon Musk really believe that X is now worth $4 billion, as his scorching post suggests? Maybe not. But he's just inflicted still another battering on his already beleaguered brand that will further undermine its standing in the eyes of advertisers. His view may be that it's acceptable to exaggerate the pain and throw around numbers when you're the victim, when it's somebody else's fault. If X indeed proves a financial cataclysm, people are likely to forget the excuses, and examine the careening missteps from its mercurial sole proprietor."
https://finance.yahoo.com/news/according-elon-musk-own-math-204413573.html
Miguel Afonso Caetano /
npub1pw…r95z7
2023-09-10 12:19:16
Author Public Key
npub1pwuvltfvfme0d987k6rs3an6jnv9k2w32zqdlqt5hpy9u3cmv6ps2r95z7Published at
2023-09-10 12:19:16Event JSON
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"content": "#SocialMedia #Twitter #X #Musk: \"In Musk's reckoning, the ADL singlehandedly vaporized roughly $4 billion in X's \"value,\" and that $4 billion accounts for around 10% of the entire decline in the franchise's worth. That formula puts the total fall at $40 billion. Since Musk and partners paid $44 billion including debt, he's implying that the platform would now change hands for $4 billion (the $44 billion purchase price minus the $40 billion in \"value destruction\"), for a drop of 90%. In effect, he's saying that the $31 billion he and his partners invested in equity is totally gone, and a big portion of the debt from provided by the cream of Wall Street sits far underwater.\n\nDoes Elon Musk really believe that X is now worth $4 billion, as his scorching post suggests? Maybe not. But he's just inflicted still another battering on his already beleaguered brand that will further undermine its standing in the eyes of advertisers. His view may be that it's acceptable to exaggerate the pain and throw around numbers when you're the victim, when it's somebody else's fault. If X indeed proves a financial cataclysm, people are likely to forget the excuses, and examine the careening missteps from its mercurial sole proprietor.\"\n\nhttps://finance.yahoo.com/news/according-elon-musk-own-math-204413573.html",
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