The Value of X Has Halved After It Was Bought by Elon Musk
Restricted stock units granted to employees now assess the company’s worth at $19 billion, equivalent to $45 per share.
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Restricted stock units granted to employees now assess the company’s worth at $19 billion, equivalent to $45 per share.
Just a year ago, Musk acquired Twitter for $44 billion.
Under Musk’s leadership, the platform has seen a nearly 20% reduction in its daily active user count.
Musk also instigated a rebranding, renaming the company as X, and instituted alterations to its content policies, resulting in a substantial 60% decline in advertising revenue.
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