bookwormstory.social

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This lemmy instance is a place for discussing all things related to the fantasy light novel series "Ascendance of a Bookworm" (Japanese Title: "Honzuki no Gekokujō") written by Miya Kazuki and Illustrated by Yō Shiina. Regular bookworms are also welcome to register here.

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Nobody reads this far down right? I'll just shill for J-Novel Club a bit because I love that they sell DRM free Ebooks. Go buy the series from their website.

founded 1 year ago

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Value of X has fallen 71% since purchase by Musk and name change from Twitter (www.theguardian.com)

submitted 8 months ago by admin@beehaw.org to c/technology@beehaw.org

49 comments fedilink

502

Value of X has fallen 71% since purchase by Musk and name change from Twitter (www.theguardian.com)

submitted 8 months ago by MicroWave@lemmy.world to c/news@lemmy.world

77 comments fedilink

The social media platform X has lost 71% of its value since it was bought by Elon Musk, according to the mutual fund Fidelity.

Fidelity, which owns a stake in X Holdings, said in a disclosure obtained by Axios that it had marked down the value of its shares by 71.5% since Musk’s purchase.

Musk acquired Twitter for $44bn in October 2022 and renamed the platform X in July 2023. Fidelity’s estimate would place the value of X at about $12.5bn.

The number of monthly users of X dropped by 15% in the first year since Musk’s takeover amid concerns over a rise in hate speech on the platform.