It turns out running a rocket company versus a social media company IS rocket science. In news that absolutely no one should be surprised about, X (formerly known as Twitter) is not valued at less than half of what Elon Musk paid for it a year ago; $19 billion today versus #44 billion when he purchased it.
If you’re curious why that is, all you have to do is log onto the app and see all the misinformation and hate speech that now permeates the platform. I guess that’s what happens when you fire the majority of your Trust & Safety team to save money. Which is actually a pretty bad idea, seeing as how after you fired the Trust & Safety team your advertisers left the platform in droves because it was no longer a safe space to advertise. Really doesn’t take a rocket scientist to figure that one out.
X is officially worth less than half of what Elon Musk paid for it