this post was submitted on 03 Dec 2023
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Could X go bankrupt under Elon Musk? (www.bbc.com)
submitted 11 months ago by misk@sopuli.xyz to c/technology@lemmy.world
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[–] zeppo@lemmy.world 2 points 11 months ago

The purchase price already exceeded the real market value, which is why the former board was persistent in pushing the deal’s completion. A normal price at the time would have been about 20% less. Estimates since then have been even lower, like maybe $20 billion. So most of the loss is in market value, not cash expenditure or lost revenue.