Twitter news: Value drops by 80% since Musk buy | CTV News

Oct 3, 2024 · The social media platform formerly known as Twitter is worth almost 80 per cent less than two years ago when Elon Musk bought it, according to estimates from investment …

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

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Oct 3, 2024 · The social media platform formerly known as Twitter is worth almost 80 per cent less than two years ago when Elon Musk bought it, according to estimates from investment …

ctvnews.ca

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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 · 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.

cnn.com

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X Value Now Down 80% Since Elon Musk Takeover - Yahoo Finance

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Oct 2, 2024 · In a Fidelity prospectus released last week, the financial giant reports its investment in Musk’s purchase of Twitter in October 2022, worth nearly $20 million at the time, had …

yahoo.com

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X Has Dropped 80% Of Value Since Musk Bought It: Report - MSN

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When Elon Musk bought the former Twitter in October 2022 for $44 billion, the investment firm Fidelity held some $19.66 million worth of shares. Now, two years later, there's been a bit of a …

msn.com

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

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Oct 2, 2024 · Applying the shares' relative decline to the total value of X when it was purchased would indicate a $9.4 billion overall valuation, a steep drop from the $44 billion that Musk paid …

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 · CNN reported the new estimate indicated a 79% decline from what shares were worth when Musk took over compared to today. That means X might be worth $9.4 billion. …

ibtimes.com

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

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Jan 2, 2024 · The fund's share of X was originally worth $19.7 million but lost about two-thirds of its value by April 2023 and has dropped more modestly since then. Fidelity cut its valuation of …

arstechnica.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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X Sees Its Value Drop More Than 75% Since Elon Musk's Takeover

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Sep 30, 2024 · When Musk bought Twitter, Fidelity invested $19.66 million. As of the end of July, it says, those shares were worth just $5.5 million.. That puts the total valuation of X at $9.4 billion.

fortune.com

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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 entire story of Twitter / X under Elon Musk. See all 670 stories. Posted Sep 30, 2024 . At 7:55 AM UTC. T ... Fidelity has cut X's value by 79% since Musk purchase …

theverge.com

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X’s Value Has Fallen 79% Since Musk Takeover, Fidelity Estimates

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Sep 30, 2024 · — The social media platform X has retained less than a quarter of its worth in the two years since Elon Musk bought it for $44 billion, new Fidelity reporting suggests. The …

newsnationnow.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.

fortune.com

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X's Value Plummets By 80% Since Musk's Acquisition, Fidelity

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Oct 2, 2024 · Fidelity estimates that X, the social media platform formerly known as Twitter, is now worth nearly 80% less than when Elon Musk bought it for $44 billion in 2022, CNN reports.

msn.com

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

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Nov 8, 2023 · 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 just its name — …

forbes.com

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Business And Finance News | TSX Today | CTV News

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On April 14, Musk announced an offer to buy Twitter for US$54.20 per share. While the stock is up sharply since Musk made his offer, it is well below the high of US$77 per share it reached in ...

ctvnews.ca

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X's Value Down 75% Since Takeover - LinkedIn

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Oct 2, 2024 · Elon Musk's Twitter Lost Almost 80% of its Value Since He Bought it Less Than 2 Years ago, NOW it's net Worth Only $9.4 Billion. Just a Reminder, Elon Musk bought Twitter …

linkedin.com

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Elon Musk To Buy Twitter: How It Happened - CTV News

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Apr 26, 2022 · Twitter's board accepted Elon Musk's US$44-billion bid to take over the social media platform on Monday. The blockbuster offer made by the controversial Tesla and …

ctvnews.ca

FAQs about Twitter news: Value drops by 80% since Musk buy | CTV News Coupon?

Did Elon Musk buy Twitter?

(Jakub Porzycki/NurPhoto/Getty Images) The social media platform formerly known as Twitter is worth almost 80 per cent 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 US$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. ...

Will Elon Musk buy x?

Fidelity estimates that X, the social media platform formerly known as Twitter, is now worth nearly 80% less than when Elon Musk bought it for $44 billion in 2022, CNN reports. My friend inherited a $160,000 house. Will this put her Social Security disability income at risk? What can she do? I took a 6-day road trip with 4 teenagers. ...

How much is Twitter worth?

And by Fidelity’s calculations, the site is now worth less than 25% of the $44 billion Musk paid for it. When Musk bought Twitter, Fidelity invested $19.66 million. As of the end of July, it says, those shares were worth just $5.5 million. That puts the total valuation of X at $9.4 billion. ...

Will Elon Musk launch his own social media platform?

Musk has mused about launching his own social media platform to rival Twitter, launched by his friend Jack Dorsey, who resigned as CEO of Twitter last year. Ives thinks Musk will buy more Twitter shares to force changes at the executive level, which could set the stage for a hostile takeover. ...

Are Twitter shares doing better if Elon Musk didn't make a play?

At the beginning of July, Twitter shares were trading at just US$38.23, down almost 12 per cent since the start of the year and nearly 30 per cent below Musk's offer price. On the radar: Twitter shares would probably be doing way worse if Musk hadn't made his play. ...