Elon Musk’s Risky Twitter Acquisition: A Loss of Over 20 Billion USD
It was almost exactly a year ago when Elon Musk made headlines by acquiring Twitter for a staggering sum of nearly 40 billion USD. This eye-popping figure raised eyebrows and sparked debates from the outset. Today, in light of the latest news, this acquisition must be particularly painful for Musk. According to a report from Fortune, the value of Twitter, referred to as “X” here, has plummeted by more than half since the acquisition. In other words, at least 20 billion USD has evaporated into thin air.
So, what is the current value of X? According to statements from the company and Musk himself, as well as information from publicly available documents, that figure stands at 19 million dollars, or approximately 21 billion USD.