2023 has been an extremely complicated year for X, formerly Twitter, not only because the changes implemented by Elon Musk have not been well received by users, but now also because it seems, the company has not stopped losing money.
Recently, it was revealed that the company has suffered a loss of more than half of its original value just one year after being purchased by Musk.
According to a series of internal documents that have been leaked to the public, X would have gone in just a few months from being worth $44 billion in 2022 to today only having a valuation of $19 billion. The above would mean a free fall of more than 25 billion dollars, a figure that must surely have hurt the businessman a lot.
However, Fidelity, an institution that invested $300 million in the acquisition of the social network, has a worse opinion, estimating that X would now be worth less than 65 percent of what it was in 2022. Taking that calculation into account, the scenario would be much more pessimistic, since the company would actually only be worth between 15 billion and 16 billion dollars.
X/Twitter by monthly payment subscription
Despite the terrible financial situation in which. Well, in recent weeks, it was announced that Elon will begin charging users to use the social network, establishing a type of monthly subscription that is much cheaper than the premium plan called Twitter Blue.
According to what was revealed, this would be the only real solution that Musk considers viable to definitively put an end to bots, so the proposal could be finalized and see the light of day in the coming days.
This story was written in Spanish by Mariana Martell in Cultura Colectiva
