Re:Tech Layoffs Are Feeding a New Startup Surge
by yunwal on Thursday February 23, 2023 @05:31PM
(#34917597)
I mean, twitter’s worth about 40% of what it was when Musk bought it. Hardly a success story.
Re:Tech Layoffs Are Feeding a New Startup Surge
by wincy on Thursday February 23, 2023 @11:28PM
(#34920756)
It’s not worth anything until he sells it. That’s just some imaginary number people are making up to cast aspersions at Elon Musk.
Re:Tech Layoffs Are Feeding a New Startup Surge
by yunwal on Friday February 24, 2023 @02:05AM
(#34921760)
I mean, fidelity has no reason to cast false aspersions at musk especially since they own equity in several of his companies
https://www.axios.com/2023/01/29/fidelity-cuts-twitter-valua...
Re:Tech Layoffs Are Feeding a New Startup Surge
by andsoitis on Friday February 24, 2023 @01:31AM
(#34921542)
How are you calculating its current value, given its finances are now private and it is not traded on the open market?
Re:Tech Layoffs Are Feeding a New Startup Surge
by yunwal on Friday February 24, 2023 @02:04AM
(#34921754)
Financial institutions that own significant equity in twitter still publish their valuations
https://www.axios.com/2023/01/29/fidelity-cuts-twitter-valua...
Re:Tech Layoffs Are Feeding a New Startup Surge
by andsoitis on Friday February 24, 2023 @03:04PM
(#34929368)
Ha! Interesting. Thanks for that, I stand corrected.
Re:Tech Layoffs Are Feeding a New Startup Surge
by skinnymuch on Saturday February 25, 2023 @09:14PM
(#34942401)
I expect Twitter to be worth even less than 40% with that $8B in debt on the books.
Re:Tech Layoffs Are Feeding a New Startup Surge
by ejb999 on Friday February 24, 2023 @05:14AM
(#34922987)
and they are the only tech company that is down 40% or more since thier high, correct?
Re:Tech Layoffs Are Feeding a New Startup Surge
by yunwal on Friday February 24, 2023 @10:52AM
(#34925720)
Not the only one, but idk why people would follow Musk’s lead as opposed to, say, Tim Cook’s, when apple’s valuation has barely taken a dip.
Re:Tech Layoffs Are Feeding a New Startup Surge
by DoesntMatter22 on Sunday February 26, 2023 @08:11AM
(#34945256)
Tesla is also making money hand over fist so following Musk makes sense. He just acquired twitter which was a money loser. Going to take time to turn it around
Whether one likes musk or not, and whether or not you agree with how he is running twitter or not - he let go like 80% of the company and it is still more or less running (with some bumps) - I don't think other companies will go to quite that extreme, but I'd bank that some executives right now in some companies are asking themselves "can we at least cut 33% of the staff and still keep things (more or less) running"?