Comment by grubbydiff
12 hours ago
There was also a report saying X is back to its original valuation https://www.theguardian.com/technology/2025/mar/19/value-elo...
The Financial Times report is behind a paywall so I'm not sure how that evaluation was reached. Also there are a bunch of bizarre financial shenanigans Musk has freely pulled with zero scrutiny. Hard to gauge the full impact of the layoffs when the person at the helm is profoundly amoral and has no scruples about lying.
`Investors valued the platform at $44bn in a so-called secondary deal earlier this month, in which they exchange existing stakes in the company, according to two people with knowledge of the matter.`
and `X’s revenues have dropped since Musk’s takeover, but it posted about $1.2bn in adjusted earnings before interest, taxes, depreciation and amortisation in 2024, according to two people familiar with the matter — roughly flat with the period before Musk’s takeover.`