Fidelity cuts value of X stake, implying 72% drop since Musk paid $44 billion.
    • runeko@programming.devEnglish
      4·
      10 months ago

      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.

      • SeaJ@lemm.eeEnglish
        7·
        10 months ago

        They changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.