The article discusses Elon Musk’s recent comments on the value of Twitter and former President Donald Trump’s social media platform, Truth Social. Musk claims that Twitter is now worth $20 billion, which is less than half of the $44 billion he paid to acquire the company. He also alleges that Truth Social, Trump’s rival platform, is worth $5 billion. Musk’s statements come amid ongoing legal battles and controversies surrounding his Twitter acquisition. The article suggests that Musk’s comments may be an attempt to justify the high price he paid for Twitter or to undermine Truth Social’s potential as a competitor. However, the valuations provided by Musk are not supported by independent assessments or financial disclosures.
Source: https://www.businessinsider.com/elon-musk-twitter-value-x-trump-xai-2024-11