Elon Musk has confirmed that the social media platform formerly known as Twitter is now worth $19billion – less than half of the $44billion he paid to acquire it.
The billionaire and Tesla founder acquired the platform in April last year, where he spent $44billion in the purchase, and proceeded to enlist a complete overhaul of many of the features.
Now, under two years since he took over the site – which he has since rebranded as X– it has been confirmed that the brand is now worth less than half of what he initially paid for it.
Källa: Elon Musk now values X/Twitter at $19billion after buying site for $44billion
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