Elon Musk’s X is worth nearly 80% less than when he bought it

Oct 2, 2024  · Link Copied! Elon Musk in Krakow on January 22. The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk …


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Elon Musk’s X Is Worth Nearly 80% Less Than When He Bought It

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Oct 2, 2024  · Link Copied! Elon Musk in Krakow on January 22. The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk …

cnn.com

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X Value Down 80% Since Elon Musk's Twitter Takeover: Fidelity Report

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Oct 2, 2024  · That's 79% less than the fund's estimate of its shares in October 2022 when Elon Musk took over Twitter, which were valued at $19.66 million. Applying the shares' relative …

usatoday.com

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Twitter Has Lost 80% Of Its Value Since Elon Musk Renamed It X: …

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Oct 2, 2024  · The platform is reportedly worth less than $10 billion today. Elon Musk's X is now valued at $9.4 billion. Latin Times. New estimates from Fidelity proved Elon Musk might have …

ibtimes.com

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How Much Money Has X Lost Since Elon Musk Took Over? – Deseret …

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Oct 2, 2024  · Extrapolating Fidelity’s loss shows an X valuation of around $9.2 billion currently. While Musk has added new ways for X to make money, like charging for premium …

deseret.com

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Twitter News: Value Drops By 80% Since Musk Buy | CTV News

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Published Oct. 3, 2024 8:31 a.m. PDT. Share. NEW YORK CITY -. The social media platform formerly known as Twitter is worth almost 80 per cent less than two years ago when Elon …

ctvnews.ca

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Musk’s $44 Billion Twitter Now Valued At Just $9.4b As X.

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Sep 30, 2024  · The asset manager, which helped Musk acquire the social network formerly known as Twitter, has further reduced the value of its holding in X to a total markdown of 78.7 …

theverge.com

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Since Elon Musk’s Twitter Purchase, Firm Reportedly Lost 72% Of Its …

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Jan 2, 2024  · Fidelity cuts value of X stake, implying 72% drop since Musk paid $44 billion. Fidelity's latest valuation of its stake in X implies that Elon Musk's social network is worth …

arstechnica.com

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By Renaming Twitter As X, Musk Wipes Billions In Brand Value

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Jul 25, 2023  · Brand Finance for example, estimates the Twitter brand lost 32% of its value since last year. As the perception of Twitter’s brand has changed, advertisers have fled.

time.com

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Elon Musk Has Wrecked Billions In Twitter In Brand Value | Fortune

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Jul 24, 2023  · Musk’s move wiped out anywhere between $4 billion and $20 billion in value, according to analysts and brand agencies. “It took 15-plus years to earn that much equity …

fortune.com

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X Could Be Worth Just $4 Billion Now, According To Elon Musk

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Sep 7, 2023  · According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion. Musk recently helped fill in some …

fortune.com

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Elon Musk Has Wiped Out 72% Of Twitter’s Value Since Taking Over ...

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Jan 2, 2024  · Fidelity has cut the valuation of its stake in Elon Musk’s X again, reflecting a 72% markdown since the billionaire bought the former Twitter Inc. a little more than a year ago. The …

fortune.com

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Musk’s Twitter Investors Have Lost Billions In Value

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September 1, 2024 at 6:00 a.m. EDT. When Elon Musk bought Twitter and renamed it X, he didn’t do it alone. Though the billionaire tapped his vast wealth to cover the lion’s share of the $44 ...

washingtonpost.com

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One Year After Elon Musk Bought Twitter, X Monthly Users Are …

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Oct 27, 2023  · In the one year since then, Musk among other things has overseen an 80% reduction in headcount; renamed the company “X”; partially dismantled Twitter’s blue check …

variety.com

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See The Value Of Elon Musk's X Plummet 72% In One Chart - Quartz

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Jan 3, 2024  · Elon Musk purchased X, formerly known as Twitter, in October 2022 for $44 billion. Since then, its value has plunged 71.5%. Since then, its value has plunged 71.5%. Suggested …

qz.com

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X — Formerly Twitter — Continues To Lose Value At Alarming Rate

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Jan 2, 2024  · Fidelity, the company that helped Musk acquire the platform, has marked the value of its stake in X down yet again, saying that it has lost 71.5% of its value since Musk took …

wbur.org

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X Has Lost 75% Of Its Value Since Elon Musk Took Over

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Oct 1, 2024  · A disclosure from an investment company with equity in the company indicates that X's value has significantly declined since 2022. The value of social media platform X has …

euronews.com

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How Elon Musk Uses His Social Media Platform To Boost Trump : NPR

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Oct 25, 2024  · Fidelity, which was a major investor in Musk's Twitter takeover, estimated in September that the value of its stake in the site has plummeted by nearly 80%, suggesting that …

npr.org

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Twitter Loses Nearly Half Advertising Revenue Since Elon Musk ... - BBC

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Jul 16, 2023  · Twitter has lost almost half of its advertising revenue since it was bought by Elon Musk for $44bn (£33.6bn) last October, its owner has revealed. He said the company had not …

bbc.com

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As Twitter's Revenue Collapses By 84%, Tesla Bulls Fear Elon Musk …

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Aug 23, 2024  · Elon Musk is facing serious financial problems with X, formerly known as Twitter. Since he bought the platform, its revenue has dropped by an incredible 84%, creating a huge …

yahoo.com

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How Elon Musk Changed Twitter A Year And $44 Billion Later

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Nov 8, 2023  · Getty Images. It has been more than a year since tech entrepreneur Elon Musk acquired Twitter for $44 billion. A lot has changed with the social media platform — and not …

forbes.com

FAQs about Elon Musk’s X is worth nearly 80% less than when he bought it Coupon?

Did Elon Musk buy Twitter?

Link Copied! Elon Musk in Krakow on January 22. The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity. X no longer trades publicly after Musk shelled out $44 billion to take it private in October 2022. ...

Did Elon Musk overpay for Twitter?

New estimates from Fidelity proved Elon Musk might have overpaid for Twitter, which he rebranded to "X" in July 2023. The tech billionaire acquired the social media platform for $44 billion in 2022. At the time, Fidelity, an asset management firm that owns an equity stake in X, estimated its shares were worth $19.66 million. ...

How much value did Elon Musk lose to Twitter?

Musk’s move wiped out anywhere between $4 billion and $20 billion in value, according to analysts and brand agencies. “It took 15-plus years to earn that much equity worldwide, so losing Twitter as a brand name is a significant financial hit,” said Steve Susi, director of brand communication at Siegel & Gale. ...

What social media platforms have changed since Elon Musk acquired Twitter?

Social media platforms Threads, Bluesky, and Mastodon have all experienced significant growth recently as users migrate away from X, formerly Twitter. Since Elon Musk 's acquisition of Twitter in November 2022, the social media landscape has experienced a significant shift. ...

Did Elon Musk buy social media platform X?

The value of social media platform X has plunged by over 75 per cent compared to when billionaire owner Elon Musk bought it two years ago. The information comes from a disclosure report for Fidelity’s Blue Chip Growth Fund. As of July, the fund had an equity stake in X worth $5.5 million (€4.96 million). ...

Did Elon Musk buy x?

Image: Slaven Vlasic (Getty Images) Elon Musk purchased X, formerly known as Twitter, in October 2022 for $44 billion. Since then, its value has plunged 71.5%. In late 2023, a leaked memo from the social media platform showed that X valued itself at less than half its initial value—just $19 billion. ...

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