How did Elon Musk's acquisition of Twitter (now X) affect his net worth?
1 answer(s)
Answer # 1 #
Elon Musk's acquisition of Twitter in 2022 for $44 billion has significantly impacted his net worth. The platform, now known as X, was valued at $19 billion a year after the acquisition, reflecting a 55% decrease from the purchase price. This decline was attributed to a drop in active users, advertising revenue, and overall platform engagement. :contentReference[oaicite:2]{index=2}