X, formerly Twitter, was bought by Elon Musk in 2022 for 44 billion dollars. Musk, who made important changes after buying the company, also made changes in the management part. Today, Twitter’s current value has emerged. Here are the details!
Twitter current value, 12.76 billion dollars!
Elon Musk bought Twitter, now known as X, in October 2022. The famous name, which has made innovations such as name and icon changes since its purchase, has also made changes in the administrative part. On the other hand, he also took steps such as layoffs and office closures.
With all this, the asset management company Fidelity conducted a study. In the study, it revealed the current value of X. Looking at the shared results, it is understood that the company has become largely worthless. According to the study, the value of X has dropped 71 percent since Elon Musk’s purchase.
The users with the most followers on X (Twitter) are revealed! Elon Musk
As a result of this decline, the value of the company was 12.76 billion dollars. There have been studies on the subject before. For example, in May 2023, the company value was $15 billion. In October, the value of the company fell to $ 8 billion.
When we look at these researches, it is understood that it has become approximately 50 percent more valuable than in October. In the decline in value, Musk’s swearing at advertisers who boycotted X in an interview was also very effective.
Fidelity notes that Twitter shares started to fall in the first month after Musk bought the platform. It also adds that there is not much information about X’s financial performance. This reveals that the company’s shareholders may evaluate X’s shares in a different way.
So, what do you think about the current value of Twitter? Don’t forget to share your opinions with us in the comments section!
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