boem@lemmy.world to Technology@lemmy.worldEnglish · 6 months agoSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comexternal-linkmessage-square76fedilinkarrow-up1713arrow-down133cross-posted to: technology@lemmy.world
arrow-up1680arrow-down1external-linkSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comboem@lemmy.world to Technology@lemmy.worldEnglish · 6 months agomessage-square76fedilinkcross-posted to: technology@lemmy.world
minus-squareMonomate@lemm.eelinkfedilinkEnglisharrow-up10·6 months agoIf the company’s private, which means its stocks are not tradeable anymore, what’s the point in measuring the company value at this point?
minus-squaregoatsarah@thegoatery.dyndns.orglinkfedilinkarrow-up22arrow-down1·6 months ago@Monomate @boem Because he owes the banks a shedload of money which he may have to start paying back if the value drops too much.
minus-squareikidd@lemmy.worldlinkfedilinkEnglisharrow-up1·6 months agoMeh, the Saudi’s are covering his losses, that’s the deal.
minus-squaregoatsarah@thegoatery.dyndns.orglinkfedilinkarrow-up6arrow-down1·6 months agodeleted by creator
minus-squareSendMePhotos@lemmy.worldlinkfedilinkEnglisharrow-up1·6 months agoWhat do the Saudis gain from this?
minus-squareikidd@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·6 months agoThe end of the weapon that brought on the Arab Spring. They hate Twitter with the power of a thousand suns.
minus-squaresilvercove@lemdro.idlinkfedilinkEnglisharrow-up9·6 months agoBanks who loaned Elon money hold a bunch of Twitter stock. They want to eventually cash out.
minus-squaretech@lemmy.worldcakelinkfedilinkEnglisharrow-up6arrow-down1·6 months agoCan these measurements be used as losses to offset taxes?
minus-squareruneko@programming.devlinkfedilinkEnglisharrow-up4·6 months agoTypically, losses in one year can be used to offset profits in following years, but not indefinitely… maybe three years tops IIRC. But that would mean the company would have to become very, very profitable profitable, which is doubtful.
minus-squareSeaJ@lemm.eecakelinkfedilinkEnglisharrow-up7·6 months agoThey changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
minus-squareMarxism-Fennekinism@lemmy.mllinkfedilinkEnglisharrow-up3·6 months agoYup of course they fucking did. Can’t have corporations paying their fair shares after all, that’s a concept as ridiculous as cold fire.
minus-squareSeaJ@lemm.eecakelinkfedilinkEnglisharrow-up1·6 months agoRegulatory capture is awesome, isn’t it?
minus-squaresneakattack@lemmy.calinkfedilinkEnglisharrow-up3arrow-down1·6 months agoBecause the money still comes from investors even if it’s not publicly traded.
If the company’s private, which means its stocks are not tradeable anymore, what’s the point in measuring the company value at this point?
@Monomate @boem Because he owes the banks a shedload of money which he may have to start paying back if the value drops too much.
Meh, the Saudi’s are covering his losses, that’s the deal.
deleted by creator
What do the Saudis gain from this?
The end of the weapon that brought on the Arab Spring. They hate Twitter with the power of a thousand suns.
Banks who loaned Elon money hold a bunch of Twitter stock. They want to eventually cash out.
Can these measurements be used as losses to offset taxes?
Typically, losses in one year can be used to offset profits in following years, but not indefinitely… maybe three years tops IIRC. But that would mean the company would have to become very, very profitable profitable, which is doubtful.
They changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
Yup of course they fucking did. Can’t have corporations paying their fair shares after all, that’s a concept as ridiculous as cold fire.
TIL, thanks
Regulatory capture is awesome, isn’t it?
Because the money still comes from investors even if it’s not publicly traded.