Value of X has fallen 71% since purchase by Musk and name change from Twitter

Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios

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As easy as it is to hate what he did to Twitter I wonder how much of that original value was just "VC hype" and now people see it for the failure it has always been like all social media in a way. Turns out it's pretty hard making money out of non paying users.
- I think alienating all the advertisers probably didn't help much either.
- The original value was based on ad revenue which is down now. It has nothing to do with VC hype or non paying users.

47 comments