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and there hasn't been any material change to their business. The business is worth less half of what Musk paid for it. And that's his estimate of the value.
by nova22033 3y ago
and there hasn't been any material change to their business.
The business is worth less half of what Musk paid for it. And that's his estimate of the value.
- tiffanyh 3y agoTwitter's valuation dropped more than 32%+ below the price Elon offered to acquire it for (prior to purchase). That's the only reason why Twitter forced him to honor his offer. So it's a mischaracterization to state the value of Twitter halved while on Elon's watch. https://www.cnbc.com/2022/07/11/twitter-shares-sink-after-elon-musk-terminates-44-billion-deal.html https://www.cnbc.com/2022/07/11/twitter-shares-sink-after-el...