GeneralInterest@lemmy.world to Technology@lemmy.worldEnglish · 16 days agoElon Musk’s X is now worth less than a quarter of its $44 billion purchase pricetechcrunch.comexternal-linkmessage-square185fedilinkarrow-up11.1Kfile-textcross-posted to: business@lemmy.worldnews@lemmy.worldtechnology@lemmy.zip
arrow-up11.1Kexternal-linkElon Musk’s X is now worth less than a quarter of its $44 billion purchase pricetechcrunch.comGeneralInterest@lemmy.world to Technology@lemmy.worldEnglish · 16 days agomessage-square185fedilinkfile-textcross-posted to: business@lemmy.worldnews@lemmy.worldtechnology@lemmy.zip
minus-squarephdepressed@sh.itjust.workslinkfedilinkEnglisharrow-up22·16 days agoThis actually isn’t the stock market, Twitter isn’t publicly traded since being bought.
minus-squareskyspydude1@lemmy.worldlinkfedilinkEnglisharrow-up6·16 days agoJust because it’s not publicly traded, doesn’t mean that there isn’t stock nor that there’s no market. Usually, you can technically still buy/sell the stock, just not as a random member of the public on a public stock exchange like the NYSE or FTSE.
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up2·16 days agoThere’s usually defined periods for sales as well. Gives employees and other stock holders a way to cash out and get new investors in.
This actually isn’t the stock market, Twitter isn’t publicly traded since being bought.
Just because it’s not publicly traded, doesn’t mean that there isn’t stock nor that there’s no market. Usually, you can technically still buy/sell the stock, just not as a random member of the public on a public stock exchange like the NYSE or FTSE.
There’s usually defined periods for sales as well. Gives employees and other stock holders a way to cash out and get new investors in.