X, formerly known as Twitter, was purchased by Elon Musk for 44 billion dollars in 2022. Musk, who made significant changes after purchasing the company, also made changes in the management department. Today, Twitter’s current value was revealed. Here are the details!
Twitter’s current value is 12.76 billion dollars!
elon Musk, acquired Twitter, now known as X, in October 2022. The famous name, which has made innovations such as name and symbol changes since its acquisition, also made changes in the administrative department. On the other hand, it also took steps such as layoffs and office closures.
With all this, asset management company Fidelity, did a study. In the study, he revealed the current value of X. Looking at the shared results, it appears that the company has become largely worthless. According to the study, the value of X has increased since Elon Musk bought it. 71 percent fell.
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As a result of this decline, the value of the company $12.76 billion happened. There have been previous studies on this subject. For example, company value in May 2023 It was 15 billion dollars. The value of the company in October for 8 billion dollars fell.
When we look at these studies, it appears that it has become approximately 50 percent more valuable than in October. Musk’s swearing at advertisers who boycotted X in an interview was also very effective in the decline in value.
Fidelity states that Twitter shares began to decline in the first month after Musk bought the platform. He also adds that there is not much information about X’s financial performance. This reveals that the company’s shareholders may evaluate X’s shares differently.
So, what do you think about Twitter current value? Don’t forget to share your opinions with us in the comments section!