Musk’s coffers are empty! Twitter’s value dropped to a record low


Company X revealed the current value of the company with the share payment it made to its employees. As of now, X’s value is set at $19 billion. This showed that the value had decreased by 57 percent since Musk’s $44 billion acquisition.

X (formerly Twitter), one of the world’s most popular social media platforms, continues to lose value. X, which Elon Musk bought for $44 billion last year, lost more than 50 percent in value and fell to $19 billion.

Shares distributed to the company’s employees showed that X is now worth approximately $19 billion, Fortune reported. In July, Musk announced that

Following Elon Musk’s acquisition of X, it was marred by mass layoffs and a number of new features such as the site’s verification process.


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