X is officially worth less than half of what Elon Musk paid for it

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X is officially worth less than half of what Elon Musk paid for it

https://www.theverge.com/2023/10/30/23938969/x-twitter-valuation-19-billion-employee-shares

A steep drop from Musk’s $44 billion purchase price.

X is officially worth less than half of what Elon Musk paid for it

A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.

Let's recap what he did to Twitter, I will go first:

  • Changed the original name Twitter to X.