The New York Post reported that platform X, formely known as Twitter, now has a 71% lower value than when Elon Musk acquired it in late 2022.

A media report states that an investment group’s recent evaluation of social network X indicates a 71% decrease in its value since its acquisition in 2022, which was made by Elon Musk for $44 billion.

Elon Musk criticized Twitter, claiming it threatened democracy and civilization. During his tenure at X, Musk laid off thousands of employees and faced audience protests for tough decisions regarding advertisers. The New York Post report highlights the significant changes and challenges faced by the former Twitter platform.