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Value of X has fallen 71% since purchase by Musk and name change from Twitter
(www.theguardian.com)
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As easy as it is to hate what he did to Twitter I wonder how much of that original value was just "VC hype" and now people see it for the failure it has always been like all social media in a way. Turns out it's pretty hard making money out of non paying users.
I think alienating all the advertisers probably didn't help much either.