There's another big problem with Elon Musk's Twitter rebrand: Microsoft owns the trademark to the title "X." In a word: lol.
      • @threetimes@beehaw.orgEnglish
        11•2 years ago

        Market capitalization means that every share of MSFT combined at the current price is worth $2.6T. The company has $100B cash on hand. That’s actual cash and investments that could be easily converted to cash. Substantially less than $2 trillion.

        • FeydaikinEnglish
          1•2 years ago

          Isn’t that still a fuck-ton more than what any of their competitors have at their disposal?

        • AphoticDevEnglish
          7•2 years ago

          Oh, only a $100 billion? Wow what poors, guess they’re fucked.

          • @threetimes@beehaw.orgEnglish
            1•2 years ago

            Musk owns stock worth billions. Stock is a liquid asset, meaning he has billions in liquid assets. The $2.6T market cap is what the public shares of MSFT are “worth.” They are owned mostly by people and orgs other than Microsoft, meaning that value is not an asset to Microsoft.

            Your comment is low-effort. Don’t do that.

          • @knotthatone@lemmy.oneEnglish
            3•2 years ago

            And as a public company, Microsoft has a lot more options to leverage their equity than a private company or individual does.