Elon Musk's X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager, Elon Musk's X is now valued at less than a quarter of its $44 billion purchase price, according to Fidelity.
“Fidelity is currently valuing X at about $9.4 billion”
Twitter currently has $1.5 billion/year deficit which is a lot, even for Musk, to bankroll.
that brightens my day a little to hear
Source? Where is that money going?
Interest on loans, payroll, cloud infrastructure e.g. AWS
Those are mostly operating costs, offset by revenue, but are they actually losing 1.5 billion dollars a year? I mean, I hope so, but are they really?