Musk's Fellow Investors in X Are Part of a $24 Billion Loss Since 2022

A new analysis estimates Musk's management of the social media platform produced an unprecedented "vaporization of wealth" for him and his backers, less than two years after the $44 billion buout of Twitter.

Date:

Save story

Topics

BBC News - Top stories
Heavy rain hits parts of England and Wales

Forecasters warned that spells of heavy, possibly thundery rain may cause flooding and disruption.
17 hours ago
ESPN - Sports
Dart completes first 24 passes, sets SEC record

Jaxson Dart completed his first 24 passes to set SEC and school records, finishing 25-of-27 for 377 yards in No. 6 Mississippi's 52-3 victory over Middle Tennessee State on Saturday, and spanning ...
Yesterday
CBS News - Top stories
The Case of the Black Swan (Part 2)

For the first time, the former ballerina dubbed "The Black Swan” tells her story of why she shot and killed her estranged husband. Contributor Jim Axelrod reports in the second part of a two-part ...
Yesterday
CBS News - Top stories
The Case of the Black Swan (Part 1)

A former ballerina shoots her husband. Did she kill to save herself or was it out of spite? Contributor Jim Axelrod reports in part one of a two-part "48 Hours."
Yesterday
ESPN - Sports
Ewers 'on point' as UT deals U-M 1st loss since '22

Quinn Ewers threw for 246 yards and three touchdowns, and No. 3 Texas handed No. 10 Michigan its first loss since the 2022 season.
Yesterday
The Wall Street Journal - World
Brazilians Take to Streets to Protest Ban on Elon Musk's X

Tens of thousands of supporters of Brazil’s former President Jair Bolsonaro rallied in the heart of São Paulo Saturday to protest the Supreme Court’s ban on Elon Musk’s X platform.
Yesterday - Brazil
The New York Times - Business
The Big Number: $3.8 Billion

The amount offered by Nordstrom’s founding family to buy its namesake retailer.
2 days ago
Inc. - Business
Wealthy Tax Dodgers Made to Repay $1.3 Billion

Treasury Secretary Janet Yellen said the top 1 percent of wealthy Americans owed more than one-fifth of all unpaid taxes in a 2019 speech.
2 days ago - MLB
Wired - Tech
X Is Working With a GOP Consulting Firm

Targeted Victory’s largest client is the Republican National Committee. It’s now fielding inquiries for X about Elon Musk’s standoff with Brazil.
2 days ago

More from Inc.

Inc. - Business
5 Powerful Habits That Help You Stand Out from the Pack

To succeed, you need to demonstrate your distinctive value, your special abilities, your willingness to step up to the plate and make a difference.
2 hours ago
Inc. - Business
Boeing Reaches Agreement to Stave Off 30,000-Strong Machinist Strike

The proposed deal is contingent on union members ratifying before midnight Thursday Pacific time, when the strike would otherwise commence.
7 hours ago
Inc. - Business
Waffle House CEO Walt Ehmer Dies at Age 58

Ehmer joined the Waffle House family in 1992.
8 hours ago
Inc. - Business
Can A Celebrity CEO Usher Starbucks into a New Era?

Starbucks' new CEO, Brian Niccol, previously led Taco Bell and Chipotle.
8 hours ago
Inc. - Business
AI Lobbyists Want a Hand in Shaping Regulatory Policies

Government official need lobbyists' expertise as think tanks academics struggle to keep up with disruptive technological changes.
11 hours ago