According to Fidelity, one of the money houses Musk relied on to bankroll the purchase of Twitter (X), the social network is now worth $9,200,000,000, a drop of 71% from his purchase price of $44B.
Cynics like me think he’s driving down the value so he can buy out his “investors” at super low prices, than get a prescription for lithium and stop acting like a jerk. But I guess that would fall in the category of “conspiracy theory.”