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Elon Musk may be on the brink of achieving the impossible: Salvaging his $44 billon investment in X


//media-entertainment.news-articles.net/content/ .. ble-salvaging-his-44-billon-investment-in-x.html
Published in Media and Entertainment on Thursday, February 20th 2025 at 16:04 GMT by CNN   Print publication without navigation

  • Elon Musk paid $44 billion to buy Twitter - almost certainly an overpayment - and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin.

Elon Musk's social media platform, X, has seen its valuation drop significantly, now estimated at $19B, down from a high of $44B when Musk acquired it. This markdown comes amidst a series of controversies and operational challenges, including a mass exodus of advertisers, changes in content moderation policies, and technical issues. The article discusses how these factors have contributed to a loss of user trust and a decline in the platform's market value. Additionally, Musk's ambitious plans for transforming X into an "everything app" have yet to materialize, further impacting investor confidence. The piece also touches on the broader implications for the tech industry, questioning the sustainability of high valuations for social media companies in a rapidly changing digital landscape.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/02/20/tech/elon-musk-x-valuation/index.html ]

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