The valuation of X (formerly Twitter) has witnessed a staggering decline, now reported to be worth 79 percent less than its value at the time of Elon Musk’s acquisition, as analyzed by financial experts.
Financial firm Fidelity, which played a role in Musk’s purchase of the platform in 2022 and holds a stake in the company, indicates that its initial investment was valued at $19.66 million. The latest financial assessment reveals the current value of its stake has plummeted to approximately $4,185,614.
This dramatic decrease marks a significant drop of around 79 percent. In previous reports, Fidelity noted that it had already valued its stake in X at 71.5 percent less back in January 2024, underscoring a continuous trend of declining revenue for the platform. Recent insights suggest that advertisers, who have rapidly decreased their spending on X, plan to further cut their budgets in 2025.
Additionally, user activity on X is waning, with reports showing diminishing numbers of users in both the U.S. and the UK, while Brazil is also facing challenges with the platform.
The outlook for X appears bleak as it navigates these financial and operational hurdles.
