The Impact of Elon Musk's Twitter Takeover on X's Value
Understanding X's Decline in Value
The aftermath of Elon Musk's Twitter takeover has led to a steep decline in X's value, with Fidelity's estimates indicating an 80% drop in share worth. Despite the company no longer being publicly traded, signals from the European Union detail a user base decrease from 111.4 million to 105.9 million within a year.
Advertising Revenue and Brand Image Issues
With the brand image taking a hit, advertising revenue continues to face challenges largely due to Musk's controversial public image. As advertisers question their association with the platform, the resulting content moderation decline further complicates recovery prospects.
The Future of X
While the ongoing changes present significant obstacles, industry experts like Gene Munster suggest that X could still turn its fortunes around with innovative strategies and the right data leverage.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.