Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over - eviltoast
Elon Musk said over the weekend that Twitter's advertising revenue has fallen by 50% since he bought the company, and that it's not cash flow positive.
  • Fritto@lemmy.worldEnglish
    24·
    1 year ago

    Musk is the CEO of a publicly traded company (Tesla) and the CEO of a company that just recently sold shares on the secondary market (SpaceX). The valuation of these companies is wrapped up in market sentiment about Elon Musk.