ChicagoTransplant@midwest.socialtoTechnology@lemmy.world•Why did Twitter (X)'s valuation tank 56% in one year?English
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1 year agoIts the current value they believe the investment has now. So if they sold today they would expect it to be 65% less than what they paid.
The initial post could just be chalked up to naivety if we’re feeling charitable, but using the official proton accounts for this stuff is an extremely bad move. Then half-assedly retracting it without acknowledging he posted it, doubling down, and making every classic PR mistake. Aside from potential capitulation to a regime that clearly values power more than human rights, there’s significant risk from a person with such bad judgement having apparently no safeguards or second opinions when he’s posting. What other decisions is he unilaterally making for proton that aren’t publicly known?