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