Elon Musk’s X is worth less than half of price he paid for Twitter
Tuesday, 31 October 2023 X, formerly known as Twitter, is now valued at $19 billion, less than half of what Elon Musk paid for it a year ago. Musk's takeover of the company led to layoffs, resignations, and a loss of advertising revenue. X has struggled financially, accumulating $13 billion in debt and experiencing a 60% drop in sales. Musk's plan for the company is to shift towards paid subscriptions and generate revenue from features like shopping and payments. However, X has struggled to attract users to its premium service.
Elon Musk plans to make X formally known as Twitter the everything app but will he able to make it financial platform without a truly decentralized cryptocurrency like Bitcoin!?
X Is Now Worth 55% Less , Than What Elon Musk Paid for It.
Musk bought X, formerly Twitter,
for $44 billion last year. .
Musk bought X, formerly Twitter,
for $44 billion last year. .
Now, he..
Credit: Wibbitz Top Stories Duration: 01:31Published
According to a recent valuation of X formerly Twitter, the company’s value has dropped some 65% since Musk took over last year. However, that doesn’t seem to be phasing the company’s chairman and..
X Removes ‘New York Times’ , Verification Badge.
The gold "verified" badge was removed on Oct. 17 without notice, 'The Washington Post' reports.
The gold "verified" badge was removed on Oct. 17..
Credit: Wibbitz Top Stories Duration: 01:30Published
Tuesday, 31 October 2023
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![Musk Hopes to Turn X Into Financial & Dating Hub by End of 2024 [Video]](https://video.newsserve.net/300/v/20231030/1359887834-Musk-Hopes-to-Turn-Into-Financial.jpg)
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