- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
The social media platform X has lost 71% of its value since it was bought by Elon Musk, according to the mutual fund Fidelity.
Fidelity, which owns a stake in X Holdings, said in a disclosure obtained by Axios that it had marked down the value of its shares by 71.5% since Musk’s purchase.
Musk acquired Twitter for $44bn in October 2022 and renamed the platform X in July 2023. Fidelity’s estimate would place the value of X at about $12.5bn.
The number of monthly users of X dropped by 15% in the first year since Musk’s takeover amid concerns over a rise in hate speech on the platform.
I’d say worth would be an average of all possible sale prices for an asset. As opposed to the single sale price to a megalomaniac.
That doesn’t make much sense.
Suppose I have a trinket that everyone knows you are willing to pay $100 for.
If I offer it to someone else, they should be willing to pay me something pretty close to $100. Because if I sell it to them for $99, then they can sell it to you for $100.
And in fact as soon as Elon announced he wanted to buy Twitter, the stock price shot up. Other people wanted to buy it for nearly the same price, in order to sell it to Elon.
All the possible sale prices for an asset would be infinite, how do you average infinity?
… Are you intentionally being obtuse or something?
…No. how exactly would you go about finding the average of every single possible sales price of an asset.
And they call Economics a science.
Calculus?
What’s the calculus equation for taking the average of every number?
https://en.m.wikipedia.org/wiki/Series_(mathematics)
The specific values to be added are an exercise for the reader.
There are no specific values to add. The only values are infinite.