Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price

GeneralInterest@lemmy.world to Technology@lemmy.world – 1113 points – Fidelity has cut its estimate of X's value by 79% since Musk's purchase | TechCrunch
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"Fidelity is currently valuing X at about $9.4 billion"

I found this funny.

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Twitter currently has $1.5 billion/year deficit which is a lot, even for Musk, to bankroll.

that brightens my day a little to hear

Source? Where is that money going?

Interest on loans, payroll, cloud infrastructure e.g. AWS

Those are mostly operating costs, offset by revenue, but are they actually losing 1.5 billion dollars a year? I mean, I hope so, but are they really?