Elon Musk’s billions turned into cash: the value of X fell by 80 percent!
September 30, 2024
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A report prepared by billionaire businessman Elon Musk One of your biggest mistakes revealed that X is the world’s most popular microblogging platform. Of course, it is not
A report prepared by billionaire businessman Elon Musk One of your biggest mistakes revealed that X is the world’s most popular microblogging platform. Of course, it is not known whether the billionaire businessman will care about this situation, but according to industry sources, the value of the platform, which was purchased for $ 44 billion, will reach the end of August 2024. fell by 78.7 percent.
The person who prepared the new report on X is an investment company called Fidelity. The company, which is one of X’s investors, $19.66 million had provided financing. According to the report prepared, Fidelity now estimates the value of this investment. $4.18 million suspects that it is so.
According to these figures, X’s net worth is approximately $9.4 billion.
The 78.7 percent drop in Fidelity’s shared data is, with simple math, the net worth of $9.4 billion It shows that it has fallen to its level. So Elon Musk’s investment of $44 billion today even a quarter That is not the case.
Neither Elon Musk nor X’s management are involved in the case. They have made no statement. However, the fact that X is dropping day by day is a clear indication that the platform is facing very serious problems. Let’s take a look at Elon Musk’s plans for the future of X, his platform What impact will this have?…
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.