9h ago

X now valued at $44B, the exact sum Elon Musk paid for the social media site in 2022

www.independent.co.uk X now valued at $44B, the exact sum Elon Musk paid for the social media site in 2022

Just last fall, an investment firm estimated that its shares in the site had plunged nearly 80 percent in value —placing the price tag on the social media platform at less than $10 billion

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investors are now pegging the social media platform’s value at $44 billion, the same amount Elon Musk purchased the site for in 2022, citing the value social that media platforms are now understood to hold in swaying elections, making corruption legal, and bringing the US to the brink of outright fascism.

Meh. I'll give you 50 quid for it.
- Don't waste your money