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Storksforlegs ( storksforlegs@beehaw.org )  to TechnologyEnglish · 3 years ago

Elon May Have a Huge Issue Because Microsoft Owns the “X” Trademark

futurism.com

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Elon May Have a Huge Issue Because Microsoft Owns the “X” Trademark

futurism.com

Storksforlegs ( storksforlegs@beehaw.org )  to TechnologyEnglish · 3 years ago
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There's another big problem with Elon Musk's Twitter rebrand: Microsoft owns the trademark to the title "X." In a word: lol.
  • threetimes ( threetimes@beehaw.org ) 
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    3 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.

    • maynarkh ( maynarkh@feddit.nl ) 
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      3 years ago

      Yeah, but by that logic, Musk isn’t a billionaire either.

      • knotthatone ( knotthatone@lemmy.one ) 
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        3 years ago

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

      • threetimes ( threetimes@beehaw.org ) 
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        3 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.

    • AphoticDev ( AphoticDev@lemmy.dbzer0.com ) 
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      3 years ago

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

    • Faydaikin ( Faydaikin@beehaw.org ) 
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      10 months ago

      deleted by creator

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