The loss of advertising revenue has hurt the platform formerly known as Twitter the past two years, and the worst may be yet to come.

In “Character Limit,” New York Times reporters Kate Conger and Ryan Mac chronicle the rise and fall of the social media platform now known as X.

Throughout 2024, Fidelity has repeatedly tried to reduce its stake in the platform. In January, the firm shed the value of its shared by 10.2%.

The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.

Texas is now home to a company that isn't valued anywhere close to what it was during its California heyday. Elon Musk's X has seen its value drop dramatically from when he purchased it for $44 billion in 2022.

Here's what science says Soft landing is 'a possibility' as interest rates fall, bank CFO says Cost of living adjustment update: What retirees can expect Stamps are getting more expensive, again In other news - Elon Musk’s purchase of X is turning into a very bad investment for the billionaire.

This thing sucks and of course I'm going to keep doing it. Most of us feel that way each morning as we rise for work. Funnily enough, that Trump tweet is almost exactly how I feel about Elon Musk's X,

When Elon Musk bought the former Twitter in October 2022 for $44 billion, the investment firm Fidelity held some $19.66 million worth of shares. Now, two years later, there's been a bit of a shift—and not in Musk's favor.