Elon Musk’s X is worth less than half of price he paid for Twitter

The X (former Twitter) logo on a smartphone in Mulhouse, eastern France. The company has struggled financially under Musk’s ownership. — AFP

X, the platform formerly known as Twitter, is worth less than half of what Elon Musk paid for it a year ago.

Restricted stock units awarded to employees value the company at US$19bil (RM90.53bil), or US$45 (RM a share, according to a person familiar with the matter. A year ago, Musk bought Twitter Inc for US$44bil (RM209.66bil).