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Twitter was never worth $45 billion. That's the price Musk bought it for and he tried to backpedal when he realized it wasn't worth that much. It's a technical
by prothy 3y ago
Twitter was never worth $45 billion. That's the price Musk bought it for and he tried to backpedal when he realized it wasn't worth that much.
It's a technicality that just adds to your point though.
- fragmede 3y agoIn a world of Verblen goods, which includes $30,000 more-esoteric-than-Rolex watches, what does "worth" even mean? It's not like there's a vibrant market for Internet businesses that underpin online communication to discover a market optimal price. Musk wanted to buy Twitter, and wanted a discount. He threw whatever language he could at it to try and get the price lowered. It's not like you can go to the store and buy a Twitter or Discord. You have to haggle to come upon a price that both parties can agree on, which is a foreign concept in the western world. Things are worth what you're willing to pay for them.