“Fidelity is currently valuing X at about $9.4 billion”

I found this funny.

      • SkavarSharraddas
        link
        fedilink
        516 months ago

        Since they don’t seem to care about it, start using “tweet” for every social media post to devalue them further.

    • @celsiustimeline@lemmy.dbzer0.com
      link
      fedilink
      English
      86 months ago

      It’s only worth as much as anyone’s willing to pay for it. Take a look at any of these tech start ups that do something very insignificant slightly differently than their competitor. VALUATION 100 BILLION DOLLARS!

    • @Artyom@lemm.ee
      link
      fedilink
      English
      76 months ago

      This is the stock market, the value is set by what investors think the value could be. Mostly, they’re probably assuming people would come back if he sold it. Literally everyone knows the name Twitter.

        • @skyspydude1@lemmy.world
          link
          fedilink
          English
          66 months ago

          Just because it’s not publicly traded, doesn’t mean that there isn’t stock nor that there’s no market. Usually, you can technically still buy/sell the stock, just not as a random member of the public on a public stock exchange like the NYSE or FTSE.

          • @NotMyOldRedditName@lemmy.world
            link
            fedilink
            English
            26 months ago

            There’s usually defined periods for sales as well. Gives employees and other stock holders a way to cash out and get new investors in.

    • @sqibkw@lemmy.world
      link
      fedilink
      English
      36 months ago

      I wouldn’t be surprised if part of this remaining value is because the Japanese internet still heavily relies on it as a platform, even if the west has begun moving elsewhere.