"Elon's done a tremendous amount of wealth destruction since he's purchased Twitter... trying to explain to people how he lost [so much money] is not a fun conversation."
"According to a report from The Washington Post, Fidelity owned a $316 million stake in Twitter at the time of Musk's purchase. That purchase...is now worth around $88 million."
"Much of Twitter's diminished value can be attributed to lack of ad revenue. Many advertisers cut ties with the platform over toxic content that has spread after Musk made changes to its content moderation."
"Saudi Prince Alwaleed bin Tatal...has lost approximately $1.36 billion of his $1.89 billion purchase, the Post estimated. The prince denies that there's been any devaluation..."
[
Collection
]
[
|
...
]