No Crypto Future? Elon Musk’s X Worth Is Just $19B!
Elon Musk's social media ******, X has seen a significant drop in its value. According to an Oct. 30 report from Bloomberg, an internal memo and sources familiar with the matter reveal that X's daily active user count has fallen to almost 20% since Musk's takeover. Questions still lingers around the minds of Crypto enthusiasts that if there will be any future of cryptocurrency in Twitter.
Value Plummets to $19 Billion!
The memo discloses that restricted stock units issued to employees were valued at $45 per share, which translates to a company value of around $19 billion. This is less than half of the $44 billion Musk paid for the company in October 2022.
Crypto News
