A new assessment determined that X, the platform once known as Twitter, is worth a mere fraction of the value it had when Elon Musk bought it for $44 billion.
Musk is a shitty businessman and an even shittier person. But those valuations are all nonsense and mostly based on potential growth,
Did you read the article? They estimated the valuation by their ad revenue, comparing before and after the take over. It’s still a shitty valuation, but it’s not like there’s a lot else to go by.
not current fundamentals.
What do you mean by current fundamentals? It’s a private service provider, there’s not enough source material to evaluate for a fundamental analysis.
When interest rates go up, investment dries up and estimations of potential growth plummets
Right, but that’s static across the market. You wouldn’t have a situation where interest rates would drive the valuation of a single service provider compared to others in the same market.
Bold of you to assume I can read. I skimmed it like a hovercraft cuz I was trying to finish a poop, and I apparently missed the most obvious and main part of the story. A lot of people still upvoted my dumb ass though. ¯\(ツ)/¯
Did you read the article? They estimated the valuation by their ad revenue, comparing before and after the take over. It’s still a shitty valuation, but it’s not like there’s a lot else to go by.
What do you mean by current fundamentals? It’s a private service provider, there’s not enough source material to evaluate for a fundamental analysis.
Right, but that’s static across the market. You wouldn’t have a situation where interest rates would drive the valuation of a single service provider compared to others in the same market.
Bold of you to assume I can read. I skimmed it like a hovercraft cuz I was trying to finish a poop, and I apparently missed the most obvious and main part of the story. A lot of people still upvoted my dumb ass though. ¯\(ツ)/¯
Shit happens