Elon Musk's vision for X: A 'fully-fledged' dating site and digital bank by 2024, says report

X Is Now Worth 55% Less , Than What Elon Musk Paid for It. Musk bought X, formerly Twitter, for $44 billion last year. . Musk bought X, formerly Twitter, for $44 billion last year. . Now, he thinks it's worth only $19 billion, The Verge reports. . That valuation was revealed in internal documents awarding X employees company equity at $45 per share, or $19 billion. . There was also a note stating that "the fair market value per share is determined by the Board of Directors based on a number of factors in a manner that complies with applicable tax rules.". The Verge points out that Musk is the company's chair, as he has not yet established a formal board. However, X might be worth even less than $19 billion. One of the company's investors, Fidelity, thinks X is only worth about $15 billion to $16 billion, The Verge reports. . One of the company's investors, Fidelity, thinks X is only worth about $15 billion to $16 billion, The Verge reports. . That is 65% less than what Musk bought it for. Fidelity invested over $300 million in Musk's takeover. Fidelity invested over $300 million in Musk's takeover. According to Axios, Musk has often admitted that he paid too much for the platform

Elon Musk discussed new concepts for his social media platform, X, during a video conference. One idea discussed was incorporating dating app features into the...