Is Twitter’s Current Valuation Less Than What Elon Musk Acquired It For?

What’s chirping in the world of social media? X, formerly known as Twitter, has received its fair share of bouquets and brickbats as a platform that has shared ideas, thoughts and news in an evolving number of characters. Founded in 2006, X was bought by Tesla and SpaceX CEO Elon Musk in October 2022, which stirred waves in the tech industry. To acquire Twitter, Elon Musk took on about $13 billion in debt, which he personally guaranteed. The debt is said to be structured in two parts. First is a $7 billion senior secured bank loan.

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