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Company purchased by Elon Musk in 2022 has an estimated price of US$44 billion
Elon Musk’s X (formerly Twitter) had its rating downgraded by the investment company Fidelity. A report released by the asset manager estimates that the company’s value has reduced by 71.5% in relation to its price during the purchase, in 2022.
Fidelity, which has a stake in X Holdings Corp., had already reduced the estimated value of the platform to a third of the original value, US$44 billion.
According to the website Axios, the drop is related to the episode in which, when asked about the advertiser boycott of X following anti-Semitic comments, the businessman responded in a completely rude manner.
(Credit: Photo by Kelly Sikkema on Unsplash)
