One year after being bought for $44 billion, X is worth $19 billion
One year after being bought for $44 billion, X is worth $19 billion
Company is giving employees equity based on a share price of $45.
![One year after being bought for $44 billion, X is worth $19 billion](https://lemmy.world/pictrs/image/6fc40d91-7a42-4466-bb84-f9d48b456b71.jpeg?format=webp&thumbnail=256)
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Is it, though?
Its a digital message board on some overpriced servers.
39 1 ReplyIs this the wikipedia-argument back at him? The whole twitter post history could fit on a single hard drive, so why are people paying for it?
18 0 ReplyThat argument is unfair anyway, cause what fits on a hard drive gets bigger every year.
10 3 ReplyNo it’s completely fair because the value of information deflates as we gain better ability to store it! /s
4 0 ReplyAnd there's endless examples of a small well ordered thing being far more expensive than essentially the same thing less ordered in bigger volume - a room full of carbon dioxide, a bag of coal, a diamond...
2 1 Reply
Considering that almost every public lib continues to use it, there is something to it, even if only the network advantage.
10 1 ReplyAnd a lot of consumers on it
5 0 Reply