boem@lemmy.world to Technology@lemmy.worldEnglish · 2 years agoSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comexternal-linkmessage-square69linkfedilinkarrow-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 · 2 years agomessage-square69linkfedilink
minus-squareMonomate@lemm.eelinkfedilinkEnglisharrow-up10·2 years 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-up9·2 years agoBanks who loaned Elon money hold a bunch of Twitter stock. They want to eventually cash out.
minus-squaretech@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·2 years agoCan these measurements be used as losses to offset taxes?
minus-squareruneko@programming.devlinkfedilinkEnglisharrow-up4·2 years 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-up7·2 years agoThey changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
minus-squareMarxism-Fennekinism@lemmy.mllinkfedilinkEnglisharrow-up3·2 years 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-up1·2 years agoRegulatory capture is awesome, isn’t it?
minus-squaresneakattack@lemmy.calinkfedilinkEnglisharrow-up3arrow-down1·2 years 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.