7 ms·
Fidelity increases X (Twitter) valuation by 11%
- jjackson5324 3y agoI'm not sure why people put so much emphasis on the valuation of X? It's pretty clear that Musk doesn't care about the valuation and views it as a passion project. 1) He literally told advertisers to go fuck themselves 2) It represents a miniscule portion of his net worth.
- 3cats-in-a-coat 3y agoThis passion project was bought with loans collaterized with Tesla stock. If X goes down Musk and Tesla go down with it. So you can’t be farther from the truth. Musk needs X to recover, desperately. And valuation impacts compensation and investment.