Elon Musk’s X down $46.5 billion since rebranding from Twitter
Investment firm Fidelity has once again marked down its stake in the social media company formerly known as Twitter, with its latest report suggesting X has dropped by 71.5% in market value since Musk bought and renamed it in October 2022.
Fidelity helped fund Musk’s A$65 billion takeover of Twitter just over a year ago, after which it began marking down the value of its X Holdings shares.
Musk has learned the hard way..he is focused – not social. You can’t be focused and social at this same time.
Social media is not his game – so its best he get out of it and stick to manufacturing cars, trucks and satellite systems.
He’s an engineer. Engineers are not social because they are not wired to be.
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The first thing you have to be to be social is …nice. If you’re not nice – you can’t be social because it’s what the job is all about 🙂
Be good, be nice or be off – I think that’s what Bill Bernbach once said.