The value of X (formerly Twitter) continues to circle the toilet at an impressive rate.
The social media platform is now worth 79 percent less than what it was worth when Elon Musk purchased it, according to analysis by investor Fidelity.
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Elon Musk’s X is losing users in the U.S., UK, and EU. X’s own data proves it.
The financial platform should know what it’s talking about, too, because it helped Musk acquire X back in 2022 and owns a stake in the company. Fidelity’s initial investment, per TechCrunch, was $19.66 million. Fidelity’s latest financial report, meanwhile, lists the value of its X stake as $4,185,614.
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