Elon Musk purchased X for 44 Billion Dollars! Frankly speaking, it has been a disaster for the company’s value, eroding his own $44 investment in the app.
The team from Visual Capitalist have put together this simple overview of X’s declining valuation, based on assessment from Brand Finance.
To be clear, a company’s brand value and its purchase price will be different, as you’re also factoring in revenue over time, in addition to said value. So this is not to say that X is necessary now worth less than a billion. But at the same time, it’s probably not worth a lot more at this stage.
Infographic on The Brand Value Decline Of X –
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