Twitter Admits Elon Musk Has Destroyed More Than Half Its Value

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since Elon Musk bought Twitter, and in that time, the company's self-proclaimed value has plummeted more than 50 percent., the valuation of the since-renamed X was listed as just $19 billion in its new employee equity plan — a 55 percent drop from the $44 billion Musk paid for it in October of last year., the company declared that "the fair market value per share is determined by the Board of Directors based on a number of factors in a manner that complies with applicable tax rules.

These latest numbers aren't exactly shocking given everything that's happened in the year since Musk took over Twitter, of course.than it was before, Musk has transformed Twitter into a gross facsimile of what it once was — and those of us who were on it in the pre-Elon era remember that it It makes perfect sense that the site is now valued at less than half of what he bought it for, which seems very much like just desserts.

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