2023-10-31 04:25:00
Xthe platform formerly known as Twitterworth less than half of what Elon Musk He paid for it a year ago.
Restricted stock units awarded to employees value the company at US$19,000 million, or US$45 per share, according to a person familiar with the matter. A year ago, Musk bought Twitter Inc. for US$44,000 million.
Elon Musk’s social network
Since the acquisition, most of Twitter’s staff have been fired or resigned. Musk changed the company’s name to X, changed some of its content rules, and has since lost more than half of its revenue.
Fortune previously reported on the valuation, citing an internal memo.
The latest changes in X (Twitter)
Accused of promoting misinformation on his social network
“Small change to the monetization program: Posts corrected by community notes will not be eligible for revenue sharing. The idea is to maximize the incentive for accuracy and not sensationalism,” he said in a message Sunday. evening.
Elon Musk, criticized by X users for the new subscription method applied in 2 countries
At the end of April, Musk allowed users paid subscriptions, with special content. And a few months later, the platform authorized Internet users to comment on or clarify dubious messages through “community notes.”
For months, the tycoon has been accused of letting false information flood the network, especially since he reduced the moderation teams and made the blue “certification” sign a fee. Messages from these paying users have more visibility.
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