Elon Musk's Twitter X Plummets Below $10 Billion with Fidelity Insights
Elon Musk's Twitter X Value Decline
Elon Musk bought Twitter for $44 billion back in 2022. Now it’s worth less than a quarter of that, according to a new financial disclosure from the investment firm Fidelity. The reported valuation of under $10 billion raises alarms among stakeholders about the platform's sustainability in the competitive social media landscape.
Fidelity's Insights on Twitter X
Fidelity's assessment emphasizes a troubling trend in tech investments post-acquisition. Investors and analysts are keeping a close watch on Musk’s strategies for revamping X, amid concerns about user engagement and revenue generation.
- Value drop: From $44 billion to under $10 billion.
- Investor concerns: Stability and growth potential in question.
- Financial assessment: Fidelity highlights the alarming valuation decrease.
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