The market value of Elon Musk’s company, X, the owner of the social network of the same name, formerly Twitter, is 19 billion dollars. reports Fortune broadcast.
Fortune’s valuation is based on the value of a security X ($45) granted as an option to some of the company’s employees. Journalists also learned that the total value of X shares in March 2023 was $ 20 billion.
X’s stated capitalization is more than half of what Elon Musk paid to acquire Twitter in 2022 ($43 billion). The deal was completed on October 26.
It is known that Musk and X management plan to increase the profitability of the social network by offering paid functions. For example, a Twitter Blue subscription appeared in December 2022 for $8 per month. Later, after the branding of the platform, the name of the product was changed to X Premium. The subscription adds a blue verification check to your profile and also cancels some limits imposed on accounts without X Premium.
Previously Elon Musk she made a joke About US policy towards Iran.