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submitted 6 months ago by [email protected] to c/[email protected]

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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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[–] [email protected] 12 points 6 months ago (2 children)

Twitter currently has $1.5 billion/year deficit which is a lot, even for Musk, to bankroll.

[–] [email protected] 7 points 6 months ago

that brightens my day a little to hear

[–] [email protected] 2 points 6 months ago (1 children)

Source? Where is that money going?

[–] [email protected] 4 points 6 months ago (1 children)

Interest on loans, payroll, cloud infrastructure e.g. AWS

[–] [email protected] 2 points 6 months ago

Those are mostly operating costs, offset by revenue, but are they actually losing 1.5 billion dollars a year? I mean, I hope so, but are they really?