Bernie Ecclestoned@sh.itjust.works to Technology@lemmy.worldEnglish · 1 year agoAccording to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billionfinance.yahoo.comexternal-linkmessage-square236fedilinkarrow-up11.31Karrow-down146
arrow-up11.26Karrow-down1external-linkAccording to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billionfinance.yahoo.comBernie Ecclestoned@sh.itjust.works to Technology@lemmy.worldEnglish · 1 year agomessage-square236fedilink
minus-squareSovereign_13@lemmy.worldlinkfedilinkEnglisharrow-up9·1 year agoYou can read it as “being responsible for 10% of the [total] value destruction, equal to $4B”. So if they’re responsible for 10% of the total value loss, and that’s equivalent to $4B, then 100% of the total value lost would be $40B. Otherwise you would say “they’re responsible for destroying 10% of the value”.
minus-squareTrashcan@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoRight. So it’s a Schroedinger’s quote…😑 But thanks for pointing out what was obvious for others
You can read it as “being responsible for 10% of the [total] value destruction, equal to $4B”.
So if they’re responsible for 10% of the total value loss, and that’s equivalent to $4B, then 100% of the total value lost would be $40B.
Otherwise you would say “they’re responsible for destroying 10% of the value”.
Right. So it’s a Schroedinger’s quote…😑
But thanks for pointing out what was obvious for others