Fidelity Estimates Elon Musk's X Has Lost Nearly 80% of Its Value Since Acquisition

Fidelity Estimates Elon Musk's X Has Lost Nearly 80% of Its Value Since Acquisition
In this video, we explore the latest financial estimates from Fidelity, which suggest that Elon Musk's social media platform, X (formerly Twitter), has lost nearly 80% of its value since his $44 billion acquisition in 2022. Once a major player in the social media landscape, X has faced significant challenges under Musk’s ownership, including declining ad revenue, reduced user engagement, and controversies affecting its reputation. We’ll dive into the factors contributing to X's dramatic drop in value, what it means for the platform’s future, and whether Musk’s gamble on X can pay off in the long run.
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