It seems like a joke, but it’s been a long time since Twitter was bought Elon Musk And it’s been renamed to something simpler, a decision that has been frowned upon by users due to changes such as payment verification and other options to prevent name changes. And after this acquisition, there are those who might think that the brand has grown because it has a millionaire as its owner, but apparently things are not looking good.
Note that, X One has lost its value 71% since buying MuskThis is earned Twitter 440 billion in October 2022 and renamed the platform X In July 2023. The company that made the report, Fidelity-S, estimates the company’s value to be around $12.5 billion. Basically, it has dropped a lot and there will be no way to recover that 440 if you want to sell or take more than that number.
Note that since the purchase X Cut staff by at least 50% and reduce platform moderation. And in September, the European Union issued a warning musk This is after discovering that X has the highest proportion of misleading posts on all major social media platforms. That’s why it has had to purge accounts that reveal data passed off as real.
in the beginning, musk I wanted to buy Twitter to make certain changes that would avoid restrictions on people, because he felt freedom of expression was important, even when he supported Trump Regarding account suspension. That’s why he promised that things would be worth it, but he implemented changes that were not liked, due to which 15% of users left the page permanently.
Through: guardian
Editor’s note: It was clear that this was going to happen, and with this kind of news came fears of a permanent shutdown of the page. Well, if there are no visits and significant profits, it stands to reason that Musk will not want to continue investing to keep his acquisition alive.
