It Is Alleged That X Is Now Worth $19 Billion
- Oct 31, 2023
- 471
Elon Musk's reign at Twitter/X has been notably unstable, reflecting directly in the company's value. According to a recent report from Fortune, X is now worth $19 billion - a significant amount, but significantly less than the $44 billion Musk paid for the social media platform.
This indicates a substantial 55% decrease in value since Musk took over. However, there may be some flexibility in this valuation; major investors like Fidelity suggest that the value drop could be as high as 65%.
The exact worth of X remains uncertain, with employees operating without definitive knowledge of the company's real value since Musk's acquisition. Internal documents reported by Fortune indicate that shares are currently valued at $45 each, putting the estimated valuation around $19 billion - likely close to the accurate figure.