The social media platform X has lost 71% of its value since it was bought by Elon Musk, according to the mutual fund Fidelity.
Fidelity, which owns a stake in X Holdings, said in a disclosure obtained by Axios that it had marked down the value of its shares by 71.5% since Musk’s purchase.
Musk acquired Twitter for $44bn in October 2022 and renamed the platform X in July 2023. Fidelity’s estimate would place the value of X at about $12.5bn.
The number of monthly users of X dropped by 15% in the first year since Musk’s takeover amid concerns over a rise in hate speech on the platform.
All the possible sale prices for an asset would be infinite, how do you average infinity?
… Are you intentionally being obtuse or something?
…No. how exactly would you go about finding the average of every single possible sales price of an asset.
Calculus?
What’s the calculus equation for taking the average of every number?
https://en.m.wikipedia.org/wiki/Series_(mathematics)
The specific values to be added are an exercise for the reader.
There are no specific values to add. The only values are infinite.
And they call Economics a science.