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X CEO Linda Yaccarino remains optimistic about the company's future. It's already apparent to anyone who's paying attention that X, formerly known as Twitter is not what it once was.
Twitter is now worth only about $15 billion, a massive 33 per cent lower than $44 billion Elon Musk and his co-investors paid to acquire the platform, the media reported on Wednesday. �� Twitter Valuation Drops To Just USD 15 Billion Under Elon Musk: Report.
Fidelity, one of the firms that aided Elon Musk’s takeover bid of the social media giant, made its determination based on a markdown of its own stake in the company. Musk recently claimed the Twitter is worth ‘around half’ of the $44 billion he paid for it
Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company.
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