He overpaid for it. Elon will be fine with it. He implements a wallet and payment system and he has something worth $50 billion just based upon today's users.
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He overpaid for it. Elon will be fine with it. He implements a wallet and payment system and he has something worth $50 billion just based upon today's users.
Yeah paid too much.. -55% already.
This will be no different than a centralized exchange right?
Well it isnt a public company and people do not know the financials so the $19 billion is likely a guess.
Think PayPal, banking, and Twitter combined.
That is Musk's vision. Yes still Web2 and highly centralized.
Imagine a databank he'll have on the users.
The value of that data will far exceed what he bought it for. Over 100% profit for him I reckon