X says it is worth $19 billion, down from $44 billion last year

L4sBot@lemmy.worldmod to Technology@lemmy.world – 190 points –
nytimes.com

X says it is worth $19 billion, down from $44 billion last year::The social media company’s valuation was disclosed in the paperwork for stock grants that it handed to employees on Monday.

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$19bil is still way too overestimated. I'd laugh at anyone who pay this much if Musk ever decided to sell.