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One year after being bought for $44 billion, X is worth $19 billion
(arstechnica.com)
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this post was submitted on 31 Oct 2023
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No it's not, people putting more money into it, are more likely to lose than to earn on it. The thing formerly known as twitter, is a dead man walking, it will only be able to continue for as long as people accept not getting their money, or putting money into it at a loss.
Of course the millions of users have value, but the company does not, because the debt is higher than the total value. Only way to continue, is a restructuring where a lot of people will lose a lot of money, but they may accept it as better than losing all.
Elon musk managed to push half his loss onto other people, by borrowing $20bil in Twitter. I suspect they will not be happy, and Elon Musk's word will be worth a lot less after this.