Well, it says investors said that, not shareholders, so that works pretty much as any market - shit is worth as much as someone is willing to pay for it
Comment on Elon Musk’s X obtains $44bn valuation in sharp turnaround
Lemmist@lemm.ee 5 weeks ago
I’m not a stock trader so don’t know the terminology. Do I understand correctly that shareholders just say “From now on X would cost $44bn because we say that”
BlueFootedBooby@lemm.ee 5 weeks ago
Lenny@lemmy.zip 5 weeks ago
MagicShel@lemmy.zip 5 weeks ago
What it would mean is that someone bought some stock at that price/share.
DragonTypeWyvern@midwest.social 5 weeks ago
There was only one person dumb enough to do that.