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Twitter's valuation has been slashed by 47% at Ark Invest since Elon Musk took over
(markets.businessinsider.com)
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this post was submitted on 18 Jul 2023
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The real question in my mind, is will the investment markets punish Musk as a result of such an epic demonstration of business incompetence. For whatever reason they haven’t done that so far.
Musk is the CEO of a publicly traded company (Tesla) and the CEO of a company that just recently sold shares on the secondary market (SpaceX). The valuation of these companies is wrapped up in market sentiment about Elon Musk.
Yeahhhhh, about that...