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While now a private company, theestimated valuationof X has fallen dramatically since Musk took over the helm.
The total purchase price was approximately $44 billion.
By October 2024, Fidelitys valuation had plummeted even more, all the waydown to $9.4 billion.
That represents a decline of almost exactly 50% to 50.5%, to be exact.
How Much Would You Have If Youd Invested $1,000 in Twitter?
If you bought Twitter before Musk took the company private, youd actually be in good shape.
As a private investor, you would have received $54.20 per share for your Twitter investment.
Why Is Xs Valuation So Low?
The reasons for Xs tumble in valuation are multi-fold, with no single factor causing the drop.
According to Kantar, at least part of the reason is likely fundamental.
Already, the company haslost hundreds of millions in advertising dollarsin 2024 alone.
X was also regarded as less trustworthy and innovative than YouTube, Instagram or TikTok.
What Is the Future Direction of X?
Musk also intends to put his technological know-how into use by adding AI functionality to X.
Whether or not these efforts succeed is anyones guess at this point.
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