7 ms·
Elon Musk is, essentially, bailing out himself using investor money from another company he runs by assigning a very highball evaluation to the company he's bee
by fzeroracer 2y ago
Elon Musk is, essentially, bailing out himself using investor money from another company he runs by assigning a very highball evaluation to the company he's been destroying.
I don't know how you can get closer to the robber baron ideal than being able to distort the market like that.
- silisili 2y agoIn fairness, a recent report put X's value at 44b, though I don't have access to FT to read the source material to know why. https://markets.businessinsider.com/news/stocks/elon-musk-s-x-value-rebounds-to-44b-in-latest-funding-and-musk-boosts-stake-1034492412 https://markets.businessinsider.com/news/stocks/elon-musk-s-...