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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.
  • Black616Angel
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    3•2 years ago

    Well akschually probably about 22/23 billion were cash according to reuters.

    https://www.reuters.com/markets/us/how-will-elon-musk-pay-twitter-2022-10-07/

    • @UnderpantsWeevil@lemmy.world
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      2 years ago

      According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November and December last year and April and August.

      My mistake. I mistakenly thought he’d simply swapped the Tesla stock at face value, rather than cashing it out via a brokerage.

      • Black616Angel
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        1•2 years ago

        No problemo. I usually don’t give a shit about this kind of stuff, but if a single person buys for such a huge sum, I maybe look into it.

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