Following Elon Musk's $44 billion acquisition of Twitter in 2022, the platform faced a massive drop in value, attributed to lost advertisers and user dissatisfaction. Musk himself admitted he overpaid for the platform, with some investors marking its worth down by nearly 70%. However, despite the turmoil, recent indications suggest that Twitter's value may have stabilized at the original purchase price. Factors influencing this include ongoing high-profile usage and strategic advertiser return, although the full picture remains murky without clear financial data.
Elon Musk's acquisition of Twitter for $44 billion initially drove away advertisers and decreased its value, but recent reports suggest it has regained its worth.
Despite losing advertisers, Twitter/X maintains significant cultural relevance; many high-profile users remain despite competition from platforms like Bluesky and Threads.
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