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ijeff to Technology@lemmy.worldEnglish • 2 years ago

One year after being bought for $44 billion, X is worth $19 billion

arstechnica.com

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One year after being bought for $44 billion, X is worth $19 billion

arstechnica.com

ijeff to Technology@lemmy.worldEnglish • 2 years ago
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Company is giving employees equity based on a share price of $45.
  • @Agent641@lemmy.world
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    38•2 years ago

    Is it, though?

    Its a digital message board on some overpriced servers.

    • @dQw4w9WgXcQ@lemm.ee
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      18•2 years ago

      Is this the wikipedia-argument back at him? The whole twitter post history could fit on a single hard drive, so why are people paying for it?

      • @wildginger@lemmy.myserv.one
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        7•2 years ago

        That argument is unfair anyway, cause what fits on a hard drive gets bigger every year.

        • @CleoTheWizard@lemmy.world
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          4•2 years ago

          No it’s completely fair because the value of information deflates as we gain better ability to store it! /s

        • @Meowoem@sh.itjust.works
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          1•2 years ago

          And there’s endless examples of a small well ordered thing being far more expensive than essentially the same thing less ordered in bigger volume - a room full of carbon dioxide, a bag of coal, a diamond…

    • @ChrisLicht@lemm.ee
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      9•2 years ago

      Considering that almost every public lib continues to use it, there is something to it, even if only the network advantage.

    • @Snonky@feddit.de
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      5•2 years ago

      And a lot of consumers on it

    • @ChrisLicht@lemm.ee
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      1•2 years ago

      deleted by creator

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