• Kingkhan@lemmy.world
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    1 year ago

    What kind of effect would this have the share prices? I guess for Spotify a $1 isn’t super crazy for people to accept, you’d think it’d rise?

    • redcalcium@lemmy.institute
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      1 year ago

      At the very least, profitable companies can maintain their valuation. Unlike, say, Twitter valuation which dropped to a third of what Musk pay for because it’s losing even more money after the takeover.