this post was submitted on 18 Jul 2023
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Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over (markets.businessinsider.com)
submitted 1 year ago by mastermind@lemm.ee to c/technology@lemmy.world
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[–] MidwestMayonaiseSalad@lemmy.world 12 points 1 year ago

I don’t think it was even that. He was so 100% going to lose the fight to not buy Twitter that even for someone with his resources it wasn’t worth fighting. He made a weak attempt to embarrass Twitter into backing out due to public opinion, but didn’t really have any options after that. He just fucked up that magnificently with the initial contract.