Reported 7 days ago
X, formerly known as Twitter, is now valued at less than 25% of the $44 billion Elon Musk paid for it, according to a Fidelity report. The social media platform's valuation has dropped to $9.4 billion, with shares worth just $5.5 million for Fidelity. As advertising revenues continue to decline and the company moves its headquarters, the situation remains bleak for the social media giant.
Source: YAHOO