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Musk's Twitter investors have lost billions in value

15 pointsby fidelio939 months ago

1 comment

worstspotgain9 months ago
&gt; But Alwaleed, X’s biggest investor after Musk himself, said in an interview with The Post that he values his and Kingdom Holding Co.’s X stake the same as when Musk took over the site: $1.9 billion, a figure he said was a “conservative” estimate.<p>&gt; “In our books, on my books personally, we are valuing at minimum [at] the entry level that we entered with,” he said last week. “There’s no devaluation whatsoever.”<p>Either that&#x27;s a royal level of delusion, or he&#x27;s valuing the asset as something more than just a business. I&#x27;m guessing the latter.