Business 9/11

"Business 9/11" is a term generally used to mean a catastrophic and disruptive occurrence to a company, causing widespread and enduring destruction to the business world, much like the way the September 11, 2001, terrorist attacks drastically shook up the United States and the world.

Its origin came from a post making fun of Elon Musk's acquisition of Twitter, in which the company's value was reported to plunge by billions of dollars, the same amount of loss in the 9/11 event.

Business 9/11 refers to when a corporation suffers a serious loss that reduces the company's worth, valuation, operations, and public perception. Metaphorically, the word highlights the scale of the disaster, often involving losses in the billions, and can be referenced to events that cause deep economic, financial, or operational chaos that suggests a profound, long-lasting impact on the affected company.

In conclusion, the term can be used broadly to describe any significant business failure or crisis that results in a sharp decline in value or reputation.

Since he bought that company, its value has gone down 79%. He actually did a business 9/11!