The world’s largest text-based social media platform was purchased by famous businessman Elon Musk for $44 billion last year. As you can guess, this platform was called at that time twitter but whose name was changed by Musk’s decision X.
The platform, which made radical decisions and significant changes within the scope of Elon Musk’s “Everything application” goal, lost a significant part of its advertisers. This put the company in financial difficulty. Finally Current value of X (Twitter) appeared.
X (Twitter) has officially melted: Here is its current value
X (Twitter) had to lay off a significant portion of its employees when it fell into financial difficulties. Subsequently, the company also closed some of its offices. The current value of the company, which was trying to get out of this difficult situation by making savings, was quite curious.
In a statement he made in recent months, Elon Musk stated that the value of X (Twitter) is less than half of the 44 billion he paid to purchase the platform. However, the famous businessman avoided giving a clear figure.
Its fate has become clear: Is Twitter being shut down?
Following the advertising ban on Twitter, which could not appoint a representative to Turkey, the decision for the second stage of sanctions has been announced.
According to Fortune’s report Elon Muskgave shares to company employees on Monday, October 30. Musk, meanwhile X (Twitter) of its value $19 billion and the share price is 45 dollars said that. If this claim is true, after the platform is sold to the businessman lost 55 percent of its value means.
Of course, this situation may change in the future. Because the company is working on new methods of making money. In this context, it recently offered two subscription services to users, one of which eliminated ads.
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