Elon Musk's Twitter Investment Losses

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investors

New York Post

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Elon Musk, investors reportedly lose more than $24B on X acquisition

Summary

Nutrition label

74% Informative

Twitter's value has dropped 72% since Elon Musk bought the social media site less than two years ago , according to a recent analysis by financial services firm Fidelity Investment .

The rest of the $44 billion sum was paid with loans from banks that have not been able to get rid of the debt from their balance sheets.

Saudi Prince Alwaleed bin Talal al Saud , who rolled his nearly $2 billion stake in Twitter into the deal that took the firm private, has lost $1.4 billion .

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Informative language

Neutral language

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semi-formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful