Why did Twitter (X)’s valuation tank 56% in one year?

TechCrunch
By Amanda SilberlingOct 30, 2023, 5:55 pm254 pts
The company formerly known as Twitter, X is valuing itself at $19 billion, per internal documents obtained by Fortune. When Elon Musk bought the company one year ago this week, he paid about $44 billion for the microblogging platform, or $54.20 per share. This internal valuation marks about a 56% decrease in…

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