Twitter’s Value Drops to Half of Elon Musk’s $44B Acquisition

 According to an internal memo, the value of Elon Musk’s social media platform, X (previously known as Twitter), is now less than half of its purchase price from October last year.

According to an Oct. 30 report According to an internal memo and sources familiar with the situation, Bloomberg reported that the stock units given to company employees recently were assessed at a price of $45 per share. This valuation indicates that the company’s overall worth is approximately $19 billion, which is significantly lower than the $44 billion Elon Musk paid to acquire the company on October 27, 2022..

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