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It was worth 50% less before Elon bought it based on the valuations adjustment in most tech companies. (-22B) Then Elon cut/lost 75% of their workers… which is
by afinlayson 4y ago
It was worth 50% less before Elon bought it based on the valuations adjustment in most tech companies. (-22B)
Then Elon cut/lost 75% of their workers… which is a significant value to any valuation(-5-10B) based off the ability to make new products or sell parts of the company. Then they lost a significant income stream by many companies buying ads leaving. And haven’t found an equal source of income. My guess is they are closer to 6-12B.
Also their debt is really significant…