Current Events > Masterful gambit, sir!

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Block_that_Kick
10/30/23 3:09:41 PM
#1:


https://twitter.com/kyliebytes/status/1719050854224007517

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The truth will set you free, but first it will piss you off.
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Starks
10/30/23 3:10:50 PM
#2:


Cut a site down to the bone and forgoing all social responsibility can be profitable, yes.

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Block_that_Kick
10/30/23 3:11:10 PM
#3:


X, formerly Twitter, is now valued at $19 billion, based on the companys employee equity compensation plan. The privately-held company, owned by Elon Musk, is giving employees RSUs at a share price $45 according to two sources familiar with the matter. The company previously offered employees stock in March at a $20 billion valuation.

Staff received an email on Monday regarding the equity grant agreements, according to a screenshot viewed by Fortune.

This new valuation comes a year after Musk purchased the platform for $44 billion, and recent reporting claims that the banks involved with financing the deal are still grappling with efforts to mitigate the adverse impact on their financial standings, expecting to lose roughly $2 billion, the Wall Street Journal reported. In July, Musk posted that X is still negative cash flow due to a 50% drop in advertising revenue plus heavy debt load.

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The truth will set you free, but first it will piss you off.
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