Technology @lemmy.world mastermind @lemm.ee 2y ago

Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over

markets.businessinsider.com Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over

Elon Musk said over the weekend that Twitter's advertising revenue has fallen by 50% since he bought the company, and that it's not cash flow positive.

You're viewing a single thread.

51 comments

The real question in my mind, is will the investment markets punish Musk as a result of such an epic demonstration of business incompetence. For whatever reason they haven’t done that so far.

51 comments