boem@lemmy.world to Technology@lemmy.worldEnglish · 11 months agoSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comexternal-linkmessage-square70fedilinkarrow-up1699arrow-down133
arrow-up1666arrow-down1external-linkSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comboem@lemmy.world to Technology@lemmy.worldEnglish · 11 months agomessage-square70fedilink
minus-squareMonomate@lemm.eelinkfedilinkEnglisharrow-up10·11 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-squaresilvercove@lemdro.idlinkfedilinkEnglisharrow-up9·11 months agoBanks who loaned Elon money hold a bunch of Twitter stock. They want to eventually cash out.
minus-squaretech@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·11 months agoCan these measurements be used as losses to offset taxes?
minus-squareruneko@programming.devlinkfedilinkEnglisharrow-up4·11 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.eelinkfedilinkEnglisharrow-up7·11 months agoThey changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
minus-squareMarxism-Fennekinism@lemmy.mllinkfedilinkEnglisharrow-up3·11 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.eelinkfedilinkEnglisharrow-up1·11 months agoRegulatory capture is awesome, isn’t it?
minus-squaresneakattack@lemmy.calinkfedilinkEnglisharrow-up3arrow-down1·11 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?
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.