You can't read for comprehension worth a shit, can
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Valuation of Twitter based upon Musk's stock grants? Easily calculable.
And try this easy calculation, you dumb prick. Does loss of advertisers improve the bottom line?
... according to calculations based on a leaked memo from the billionaire.
Musk suggested in memo to the social media company’s staff that it is now valued at less than $20bn. This compares with the $44bn he paid for it in October 2022.
The company’s steep devaluation follows Musk’s turbulent takeover. Several large advertisers have left the platform and a major source of funds for Musk’s purchase of the company, the investment firm Fidelity, has written down the value of its stake by 56%.
The measure of Twitter’s worth was based on Musk’s offer of stock grants, according to Platformer and the Information, which first reported on the memo.
Read More: https://investorshangout.com/post/view?id=656...z7zdZpcD1g
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