• Chozo@kbin.social
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    1 year ago

    Anything is worth whatever somebody is willing to pay for it.

    This dumb bastard just happened to be willing to pay $44 billion.

    • CileTheSane@kbin.social
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      1 year ago

      Actually, Musk didn’t want to pay anything for Twitter, but was willing to pay $44 billion to avoid the discovery process.

      • flipht@kbin.social
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        1 year ago

        Excellent point, lest anyone forget that he was really just running his mouth and got too far in before the mania dropped.

      • MidwestMayonaiseSalad@lemmy.world
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        1 year ago

        I don’t think it was even that. He was so 100% going to lose the fight to not buy Twitter that even for someone with his resources it wasn’t worth fighting. He made a weak attempt to embarrass Twitter into backing out due to public opinion, but didn’t really have any options after that. He just fucked up that magnificently with the initial contract.

    • Pons_Aelius@kbin.social
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      1 year ago

      True but It is like a reverse Schrödinger valuation.

      When EM offered 44B, that was twitter’s value until the transaction was complete.

      Now it is only worth what someone else will pay for it…