Twitter, now called X, went off the stock market immediately after the ownership change in October 2022. Since then, the company has reportedly lost a huge chunk of its value following some changes around its operations. Despite not being a publicly traded company anymore, there has been sustained interest in the value of the company. So, how much is Twitter worth currently?
In October 2023, a year after the controversial takeover of the company, many reports placed Twitter’s worth at $19 billion. Elon Musk, the company’s new owner, had previously purchased it for $44 billion following a turbulent process. Despite these reports, it is quite tricky to determine the company’s exact worth since it isn’t a publicly traded one. That notwithstanding, this post covers the topic at hand, discussing the worth of this social media company in depth.
How Much Is Twitter Worth Today? What Is the True Figure?
Elon Musk’s takeover of Twitter followed a much-publicized process that accompanied some legal actions. The American billionaire finally finalized the purchase, pegging it at about $44 billion. However, many onlookers had previously insisted that the social media platform was not worth the amount it went for.
Over a year after the purchase, things are becoming quite clearer. The social media company’s current value has dipped extremely low in terms of the purchase price. While others insist that the company’s value stands at a meager $4 billion, several indicators peg it at $19 billion. Certain activities within the company have pointed in the direction of its current worth.
One major event that points to the company’s current value is the equity stake it awarded to employees. In October 2022, the company awarded its employees equity, valued at $19 billion. It allocated this equity at $45 per share. This $19 billion value represented a 55% dip in the company’s value.
Elon Musk, the company’s owner, has since conceded that he might have overpaid for it. He had initially valued the platform at around $20 billion before the takeover. Since X awarded equity to its employees, several different valuations have emerged, prescribing different figures for the social media company.
How Much Is Twitter Stock Worth? Is It Still Available on the Stock Market?
Despite the changes that have characterized Twitter over the past few years, questions exist about its operations. For instance, people are still curious about the company’s stocks, availability, and prices. This company’s stock became available on the New York Stock Exchange in November 2013. While it opened at $26.00, it closed at $44.90 during that session. So, how much is Twitter stock worth today, and is it still available?
Before Twitter’s rebranding to X, the social media company was a publicly traded one. This meant that people could trade its stocks on the public exchange market. However, the platform went private after the ownership change. As a result, the New York Stock Exchange delisted the stock on November 8th, 2022. Consequently, people could no longer trade Twitter stock.
During the Twitter takeover in October 2022, the social media company pegged its stock at $54.20 per share. This figure accounted for the final $44 billion amount that the company finally sold for. Subsequently, the company’s shareholders liquidated their shares, fueling the privatization move.
But that’s not all; the company recently awarded equities to employees at a valuation of $19 billion. This figure placed the company’s stock at $45 per share. While this stock is not available to the public, it points to the direction of its value if it was.
Several organizations and individuals still hold the company’s stock despite going private. This is because several investors helped raise the capital for the takeover while other shareholders decided to roll over some shares. Therefore, this stock valuation is still important because it helps keep track of the equities of its investors.
How Much Is Elon Musk Worth After Buying Twitter?
Reports indicate that Twitter or X’s value has significantly dipped since the takeover and eventual rebranding. However, many enthusiasts remain unsure how this occurrence has impacted the company’s billionaire owner. For instance, there have been multiple questions about his fortune and whether it has also dipped in response. So, how much is Elon Musk worth after buying Twitter?
Elon Musk has remained in the public eye ever since he started growing his fortune. However, measuring his worth has become increasingly challenging since he has it spread across several areas. Musk has effectively invested in multiple companies, even heading them or taking them over.
Many analysts and observers had previously insisted that the company was not worth as much as he paid for. While he may have agreed with this position, the results have played out and continue to do so. First, the company’s value has dropped dramatically and continues to do so. Then, many large advertisers on the platform have withdrawn, impacting the company’s revenue within a short period.
These occurrences only point to the conclusion that Elon Musk lost much of his worth. While he purchased the company for $44 billion, it is reportedly worth $19 billion. This takeover has shaved $25 billion off his net worth.
But that’s not the full story; Musk has suffered significant drawdowns from other fronts. For instance, Tesla, the auto manufacturing company’s stock, has spiraled downward, triggering a massive loss of equity. While the company has recovered to a degree, Elon Musk lost a $ 41 billion chunk from his worth due to that occurrence. Well, Forbes currently pegs his value at $243.5 billion despite the turbulence accompanying him in the past year.
How Much Is My Twitter Account Worth?
Imagine receiving payments for your posts on X or Twitter. In contrast, this may appear abstract to some people; popular accounts charge for sponsored posts. But there’s a problem: how to change fairly for such services. How would you estimate the fees for posts, and how would you price your account if you sold it? In fact, how much is my Twitter account worth?
Several third-party services allow users to discover the prices of their Twitter or X accounts. These services majorly consider the account’s engagement, average views per post, follower count, topics of coverage, and the industry. Factors such as the account’s verification status and the lists covering the account also matter in such considerations. Here are a couple of third-party services to consider for this activity:
Find Your X Account’s Value With Tweet Hunter
Tweet Hunter offers a straightforward and free option for discovering the value of your account. This website factors the account’s performance and audience metrics to generate this figure, making it easier to transact. To use this website:
- Head to Tweet Hunter’s account valuation page on your web browser.
- Enter your X or Twitter handle in the text box at the page’s header.
- Click the “Calculate” button.
The website will immediately calculate the value of your account and display it on the screen.
WebFluential Also Supports Account Price Estimation
WebFluential, another third-party service, supports calculating your Twitter account’s value. This influence calculator also works in a simple fashion, allowing people to navigate the website and complete the task quickly. Here are a few steps to get your account’s value.
- Launch a web browser on your mobile device or personal computer, head to the WebFluential website, and create an account.
- Log into the account and head to the influence calculator page.
- Enter your Twitter handle in the text box and hit “Calculate.” The website will immediately process and display your account’s worth.
Besides answering the question “How much is Twitter worth now,” clearing bulk posts from your profile is sometimes necessary. This is why TweetEraser has created a straightforward web tool for filtering and deleting Twitter posts in bulk. The app loads and imports user archives, performing this task with a few clicks. It is one of the most efficient tools since it does not spread promotions on user profiles. So, begin filtering and clearing your timeline today!