X Is Now Worth 55% Less Than What Elon Musk Paid for It
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
X Is Now Worth 55% Less Than What Elon Musk Paid for It
X Is Now Worth 55% Less , Than What Elon Musk Paid for It.
Musk bought X, formerly Twitter,
for $44 billion last year.
.
Musk bought X, formerly Twitter,
for $44 billion last year.
.
Now, he thinks it's worth only
$19 billion, The Verge reports.
.
That valuation was revealed in internal documents awarding X employees company equity at $45 per share, or $19 billion.
.
There was also a note stating that "the fair
market value per share is determined by the
Board of Directors based on a number of factors in
a manner that complies with applicable tax rules.".
The Verge points out that Musk is the company's chair, as he has not yet established a formal board.
However, X might be worth
even less than $19 billion.
One of the company's investors, Fidelity, thinks X is only worth about $15 billion
to $16 billion, The Verge reports.
.
One of the company's investors, Fidelity, thinks X is only worth about $15 billion
to $16 billion, The Verge reports.
.
That is 65% less than what Musk bought it for.
Fidelity invested over
$300 million in Musk's takeover.
Fidelity invested over
$300 million in Musk's takeover.
According to Axios, Musk has often admitted that he paid too much for the platform
Elon Musk is putting his money where his mouth is ... pumping $45 million a month into a political action committee backing Donald Trump in the 2024 presidential.. TMZ.com
Donald Trump was shot at today during an election rally in Pennsylvania. The former US President is reported to be safe and recuperating under medical care. However, conflicting reports are emerging about the incident. While Trump asserts that he was shot with a bullet that pierced the upper part of his right ear, law enforcement officials claim he was hit by glass fragments, possibly from a teleprompter broken by the bullets. This discrepancy has fueled conspiracy theories, with some social media users calling the event a staged 'photo op' for sympathy and votes. President Biden has condemned the attack as "sick," and tech mogul Elon Musk has publicly endorsed Trump following the incident. The true details of what happened remain under investigation.
#TrumpShooting
#Election2024
#GlassOrBullet
#ConspiracyTheories
#TrumpRally
#PoliticalNews
#BreakingNews
#DonaldTrump
#USPolitics
~HT.97~PR.274~
Supreme Court Rules , Against SEC's Authority, to Impose Fines.
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
NPR reports that the United States Supreme Court
recently voted 6-3 against the Securities and
Exchange Commission's policy on fraudulent conduct. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
Chief Justice John Roberts, writing for the court's
conservative majority, said the current rules deprive accused
transgressors of their constitutional right to a jury trial. .
The SEC relies on administrative
law judges (ALJ) to make legal conclusions
in cases brought before the agency.
The Supreme Court's decision has the potential
to send ripples through dozens of agencies,
from labor rights to energy regulation.
The Court did exclude from its decision those
agencies dealing with federal benefits, while some
conservative justices wanted the ruling to go further.
The three liberal justices
in dissent blasted the
decision by the majority. .
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
The case was brought by a former conservative
radio host and hedge fund manager, George Jarkesy,
following an SEC fraud investigation.
An in-house evidentiary hearing fined Jarkesy $300,000,
ordered him to pay back almost $700,000 in ill-gotten
profits and barred him from the securities industry.
Jarkesy argued that he was entitled to a jury trial
held in a federal court and that Congress lacked
the power to delegate such authority to the SEC.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk.
NPR reports that Jarkesy's case was supported
by a number of conservative and business groups, and individuals such as Elon Musk
Credit: Wibbitz Top Stories Duration: 01:31Published
YouTube Leaks Spark Concerns , About Google Employee Access , to Unpublished Videos.
Last week, PlayStation's lineup for the
State of Play event was leaked shortly after
the event was scheduled to appear on YouTube.
Last week, PlayStation's lineup for the
State of Play event was leaked shortly after
the event was scheduled to appear on YouTube.
The Verge reports that the leak has
contributed to concerns regarding Google
employees' access to videos before they go live.
The issue was recently highlighted
in reports by Insider Gaming
and 404 Media.
One of the leaks, which was noted by Tom Henderson
of Insider Gaming, involved KSI's 2022 attempt to
give away over $10,000 in Amazon gift cards.
However, an internal YouTube investigation was started
after KSI realized that all of the gift card codes had
already been redeemed prior to the video going live.
However, an internal YouTube investigation was started
after KSI realized that all of the gift card codes had
already been redeemed prior to the video going live.
A similar internal investigation
was opened after the trailer
for GTA VI leaked online. .
According to a report by 404 Media, a Google
contractor was responsible for the 2017 Nintendo
leak that revealed an early look at 'Yoshi's Crafted World.'.
The Verge reports that an image
of the game's trailer was posted to
Reddit just ahead of its big reveal at E3. .
The post contained an “admin.youtube.com” URL,
which would suggest that an employee had
accessed the video prior to its public release.
According to a database entry reported on by
404 Media, Google confirmed that an employee
had gained access to and deliberately leaked the video.
Credit: Wibbitz Top Stories Duration: 01:31Published
After an Israeli operation in Gaza killed over 210 Palestinians, Axios revealed direct U.S. involvement in freeing 4 Israeli hostages. This raises questions about U.S. motives for disclosing sensitive information. The Palestinian resistance may respond with complex operations to capture Israelis, deny Netanyahu victories, and challenge U.S. mediation efforts. Hamas could reject negotiations involving the U.S., seen as supportive of Israel rather than a neutral mediator, demanding a permanent end to the conflict.
#Gazawar #IsraelHamasWar #GazawarOperation #IsraelUS #Palestinians #Nuseirat #Gazawarlive #Worldnews #Oneindia #Oneindianews
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