X investors have lost billions in value: report

Elon Musk’s $44 billion Twitter acquisition has resulted in significant losses for investors. Two years post-deal, X’s (formerly Twitter) value has dropped by 72%. Major investors, including Saudi Prince Alwaleed bin Talal and Larry Ellison, have collectively lost over $5 billion. Musk’s own stake has shrunk by $24 billion. Fidelity’s data shows its investment value falling from $316 million to $88 million since the takeover.READ FULL