1062
One year after being bought for $44 billion, X is worth $19 billion
(arstechnica.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 31 Oct 2023
1062 points (95.5% liked)
Technology
59390 readers
4512 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
There are methodical ways of valuating a private (and public) company. Some are pessimistic and some are wildly optimistic. Your can legally use whichever one you want, only you must only use that valuation method for everything. It's illegal to value the company low for taxes and high for loan collateral. And if you sell it, you can owe back taxes if your valuation was off (sale price is the new valuation).
This is overly-simplified US accounting rules (from finance class 10 years ago)