A new assessment determined that X, the platform once known as Twitter, is worth a mere fraction of the value it had when Elon Musk bought it for $44 billion.
Twitter wasn’t even worth $44B when he paid $44B for it. Hence why the board jumped on the offer. Musk didn’t even think it was worth that much, hence why he tried to weasel his way out of the deal after the board called his bluff.
Twitter wasn’t even worth $44B when he paid $44B for it. Hence why the board jumped on the offer. Musk didn’t even think it was worth that much, hence why he tried to weasel his way out of the deal after the board called his bluff.
His problem wasn’t offering the deal, his problem was saying yes after they called his bluff
He like… actually legally agreed to it before he looked into it at all. What a fucking dumbass
He’s rich enough that stupidity has no consequences for him.
He has literally made a $40b mistake, still rich enough to not learn a lesson from it.
Now let’s be fair here; Russia and SA made a $40 billion mistake with their purchase candidate selection