Twitter Is Now Worth a Third What Elon Musk Paid for It

Twitter

Twitter’s value has tanked since Elon Musk took over six months ago, with the company now worth just one-third what he originally paid for it. Musk paid $44 billion for the social media platform in October, an amount he raised with the help of 19 outside investors, which included Fidelity Investors. The company released its monthly disclosure of portfolio valuations on Tuesday, which revealed just how far Twitter has fallen. Twitter, under its new name X Holdings Corp., was worth just $6.5

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Twitter Is Now Worth a Third What Elon Musk Paid for It https://newrepublic.com/ - 29.10.2024 22:27

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Twitter Is Now Worth a Third What Elon Musk Paid for It https://newrepublic.com/ - 29.10.2024 22:27