cross-posted from: https://lemmy.world/post/19346837
this post was submitted on 02 Sep 2024
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Twitter stocks are no longer traded and all the past investors have been paid the meme price or $54.69 or something like that. They all won the lottery as that was an extremely overvalued price
Unfortunately, the "lost" money is an hypothetical calculation using the current Xitter value and the massive debt that the rat did to purchase Twitter. It's something like wondering "how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?"
I am aware. That is how stocks work. The billions "lost" got paid to previous owners of the stock.
I used "owning" instead of "owned", sorry, I guess.
On the upside, if we think better, the answer to the question "how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?" is $0 as there would be nobody so insane to buy them.
So that number is the money that he lost for now, if he would be able to sell