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

flag 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. flag X currently boasts over 600 million monthly and 300 million daily active users. flag 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.

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