Elon Musk's X, previously Twitter, now worth less than half what he paid for it | Technology News
Elon Musk's X, formerly Twitter, has lost more than half its valuation since the billionaire took over.
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Elon Musk's X, formerly Twitter, has lost more than half its valuation since the billionaire took over.
A recent letter has highlighted past and present problems with Twitter's handling of privacy, security and user safety.
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
Elon Musk finally confirmed that Twitter's worth is already less than half. Will its $20 billion valuation further decrease in the future?