Elon Musk's X gets valuation cut by Fidelity

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  • Опубліковано 1 січ 2024
  • Fidelity has sharply reduced its valuation of Elon Musk's social media platform X, formerly Twitter. The 71.5% markdown comes over a year after Musk acquired the company for $44 billion in 2022.
    Yahoo Finance Tech Editor Dan Howley breaks down the details, providing insights into ongoing controversies that have played a part in the devaluation of the social media platform.
    #X #twitter #ElonMusk
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КОМЕНТАРІ • 39

  • @joseantoniocanorosas
    @joseantoniocanorosas 5 місяців тому +29

    Since I left FB and Twitter/X my life & productivity improved so much.

    • @alexdasliebe5391
      @alexdasliebe5391 5 місяців тому +3

      100% … in fact, I’ve never seen a statement to the contrary, just realized ✌🏼🤣👍🏼

    • @rushtonsedberry4734
      @rushtonsedberry4734 5 місяців тому +1

      Good Job!!!

  • @snoopyg5910
    @snoopyg5910 5 місяців тому +9

    Yahoo is also 71% less valuable than it was when it was actually used as a search engine

    • @socalsp3
      @socalsp3 3 місяці тому

      But it only took Elon 1 year to do it. Win!

  • @Bennie32831
    @Bennie32831 5 місяців тому +2

    A few million for free speech sounds pretty cheep ✌️

    • @socalsp3
      @socalsp3 3 місяці тому

      "free" speech

    • @socalsp3
      @socalsp3 3 місяці тому

      A few million... 25 billion same thing

  • @rushtonsedberry4734
    @rushtonsedberry4734 5 місяців тому +1

    X will come back up. There is nothing like it. Facebook is now garbage.

  • @skytech2501
    @skytech2501 5 місяців тому +6

    X user base is growing so fast every month and on the other hand mainstream media like yahoo finance is dying

    • @yossarian00
      @yossarian00 5 місяців тому +6

      In what universe is x not mainstream

    • @alexdasliebe5391
      @alexdasliebe5391 5 місяців тому

      ⁠👍🏼@@yossarian00, now that I read this, I recall people complaining about if they had to pay for X , “that’s where I get my news”

    • @nntflow7058
      @nntflow7058 5 місяців тому

      Delulu

  • @socalsp3
    @socalsp3 3 місяці тому

    Genius at work

  • @kevonslims7269
    @kevonslims7269 5 місяців тому +2

    If x needs to be reinvented then musk is not the person to do it since he just takes ideas that been around for decades as his own..

  • @wm6746
    @wm6746 5 місяців тому +2

    I see an x-plosion soon😂😂😂😂

  • @TEM1
    @TEM1 5 місяців тому

    Him and I never had an agreement. I think I was once kind to his ex wife when she was having a hard time… and she wrote music inspired from chindhood art work somebody that broke into my shed found and my social media.
    Then him and his family just started fucking with me like we were friends. I really don’t know those people.
    I’ve been rather isolated from society for most of my life. Think I’ll keep it that way. People suck.

  • @blackmesacake5361
    @blackmesacake5361 5 місяців тому +3

    In it's current state, it will continue to fall. It needs some serious work. Honestly though, Threads is in the same state. Worse because it lacks as much content.

    • @rushtonsedberry4734
      @rushtonsedberry4734 5 місяців тому +1

      I think it comes back up. Less, another invention. It hits all across the globe. People need to advertise on the platform.

  • @paleomagicksr.9880
    @paleomagicksr.9880 5 місяців тому +11

    I loved Twitter and was amassing followers... then Elon changed everything for the worse. I seldom even bother with it, now.

  • @johnneilokowitz2682
    @johnneilokowitz2682 5 місяців тому +2

    Ok fidelity just wants to tank. So they can buy it cheap

    • @socalsp3
      @socalsp3 3 місяці тому

      Lol no one wants to buy it. Only elon

  • @josechung7713
    @josechung7713 5 місяців тому +1

    Probably not the only Elon Musk company that is overvalued.

  • @jacktheripper-hp9tx
    @jacktheripper-hp9tx 5 місяців тому +1

    going to have to call x
    1/3 x

  • @JudgeDredd_
    @JudgeDredd_ 5 місяців тому +8

    X is complete trash

  • @waynehornberger9825
    @waynehornberger9825 5 місяців тому

    Wealth of the wicked is layed up for me they shall gather it up but I shall put it on he that by usery and Unjust gain increaset his substance he shall gather it up for me because I pity the poor he works for me.

  • @southerncross179
    @southerncross179 5 місяців тому +2

    Elon Musk is the greatest African American.

  • @sonofagun66
    @sonofagun66 5 місяців тому +5

    Whatever!!! The price of FREE SPEECH. Thank you Elon.

    • @majortom331
      @majortom331 5 місяців тому +11

      "Free speech" yet he bans journalists for reporting on things he doesn't like.

    • @sonofagun66
      @sonofagun66 5 місяців тому

      @@majortom331 Watch all the mainstream bullshit you like. Stay in the dark.

    • @haydent1000
      @haydent1000 5 місяців тому +1

      @@majortom331 who did he ban?

    • @diane771
      @diane771 5 місяців тому

      @@majortom331 Name one truthful journalist Elon has banned