Elon Musk’s X Is Worth 71% Less Than He Bought It For, Says Fidelity

Gizmodo

A mutual fund that helped Elon Musk buy X now says the platform is worth 71.5% less than the $44 billion it was purchased for in 2022, according to

X is worth 71% less now after Elon Musk took over and burned its bridges with advertisers: Fidelity

Tech Insider
Elon Musk (left) and X app (right).
Elon Musk bought Twitter for $44 billion in October 2022. Musk later renamed the company to X in July 2023.

Alessandra Benedetti - Corbis via Getty Images; Jaap Arriens/NurPhoto via Getty Images

Twitter Was 2023's Best Movie Theater

Gizmodo

Whatever else you can say about X, previously known as Twitter, it’s never really boring.

A new California law regulating online content moderation will force X to reveal how it reviews hate speech

Tech Insider
Elon Musk
Since Musk's $44 billion takeover of the social media platform formerly known as Twitter, he declared himself a "free speech absolutist."

Slaven Vlasic/Getty Images

Iconic SpaceX Booster Falls and Breaks in the Ocean

Gizmodo

A Falcon 9 first-stage booster broke apart after completing its 19th mission, tipping over on the floating droneship in the Atlantic Ocean due to high winds.

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Elon Musk trolled his way through 2023. He's still ending the year $100 billion up.

Tech Insider
Elon Musk toasting with wine glass
Elon Musk speaking at a political convention organized by Italy's right-wing governing party on December 15, 2023.

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John Fetterman deleted X off his phone: 'Not very helpful to promoting mental health'

Tech Insider : Politics
Sen. John Fetterman of Pennsylvania at the Capitol on September 26, 2023.
Sen. John Fetterman of Pennsylvania at the Capitol on September 26, 2023.

Elizabeth Frantz for The Washington Post via Getty Images

Gen Z trusts YouTube more than any other platform

Tech Insider
Person lying on bed using their phone in a bedroom
YouTube reigns supreme with adult Gen Zers, according to a survey conducted by Business Insider in collaboration with YouGov.

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Meta's new Threads, a rival for X, is now Apple's most downloaded app

Tech Insider
Mark Zuckerberg
Many employee perks saw cuts during Mark Zuckerberg's "year of efficiency"

Kevin Dietsch/Getty images

Users Flock to Threads as X Suffers Largest Outage Since Musk Takeover

Gizmodo

Over 90,000 users on X experienced an outage on Thursday morning, marking the platform’s most severe outage since Elon Musk’s takeover in October of 2022, according to Bloomberg.

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