X says it is worth $19 billion, down from $44 billion last year::The social media company’s valuation was disclosed in the paperwork for stock grants that it handed to employees on Monday.

    • 1847953620@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      love it when he said “it’s businessin’ time!”

      and then he businessed all over the place

      • raptir@lemdro.id
        link
        fedilink
        English
        arrow-up
        6
        ·
        1 year ago

        Know your meme doesn’t have any real info on it, but the first time I remember it is people posting about Morbius on Reddit, “Morbius is certainly one of the movies of all time.”

        • cheese_greater@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          4
          ·
          1 year ago

          Its one of those things that doesn’t follow the script and there’s like no way to respond to it in real-time unless you have latitude for like a playful back-and-forth between two super perky morning talk show hosts or something

    • RamSwamson@lemmy.sdf.org
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      1
      ·
      edit-2
      1 year ago

      All the comments under you says there’s a meme attached to your comment but I don’t see it no meme

      • photonic_sorcerer@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 year ago

        When I said “one of the businessmen of all time” that sentence is a play on “one of the best businessmen of all time”. The above phrase is a meme. Memes are not limited to funny pictures.

  • d3Xt3r@lemmy.nz
    link
    fedilink
    English
    arrow-up
    67
    ·
    1 year ago

    $19bil is still way too overestimated. I’d laugh at anyone who pay this much if Musk ever decided to sell.

  • Gazumi@lemmy.world
    link
    fedilink
    English
    arrow-up
    16
    arrow-down
    1
    ·
    1 year ago

    Musk fanboys are so very excited. They are waiting for his last minute genius move to explain his super smart strategy. I’m not holding my breath

  • AutoTL;DR@lemmings.worldB
    link
    fedilink
    English
    arrow-up
    8
    ·
    1 year ago

    This is the best summary I could come up with:


    X, the company formerly known as Twitter, handed out stock grants to employees on Monday that showed it was worth about $19 billion, down about 55 percent from the $44 billion that Elon Musk paid to buy the firm a year ago, according to internal documents seen by The New York Times.

    In March, he wrote in an email to workers that he believed the company was worth $20 billion, calling it “an inverse start-up.”

    Employees will still be paid in cash in the amount of $54.20 for any outstanding shares that were granted to them under previous management, the company said.

    In his year of owning Twitter, Mr. Musk has overhauled the company and the social media platform.

    Advertising, the company’s main source of revenue, was down in the United States by almost 60 percent this summer.

    Last week, in a company meeting celebrating the first anniversary of the deal, he laid out how he believed X could serve as an all-purpose app with an array of features, including dating services and job recruiting, according to a recording obtained by The Times.


    The original article contains 456 words, the summary contains 183 words. Saved 60%. I’m a bot and I’m open source!