Elon Musk reaches 200 million followers on X, purchased for $44B, now valued at $9.4B.

Elon Musk has become the first individual to amass 200 million followers on the social media platform X, which he purchased for $44 billion in October 2022. X currently boasts over 600 million monthly and 300 million daily active users. Despite Musk's vision of transforming X into an "everything app," Fidelity has reduced its valuation of the platform by 78.7%, now estimating it at $9.4 billion, significantly lower than its acquisition price.

October 03, 2024
12 Articles

Further Reading