Elon Musk Fails Miserably to Run Twitter (X)

 Elon Musk, the world's richest man, has failed miserably at running social networking website Twitter (X).

Elon Musk acquired X for $44 billion in October 2022.

and the social media platform's value has plummeted by 79% nearly 2 years after he took ownership.

Investment firm Fidelity,

which helped Elon Musk buy the social media company, also initially invested about $19.6 million in X and now estimates that its share price is has decreased to 4.190 thousand dollars, that is, the value of X decreased by 78.7% from October 2022 to the end of August 2024.

If this estimate is correct, then the company that Elon Musk bought for 44 billion dollars, is now worth only 9 billion 40 million dollars.