Twitter values self less than half what Musk paid for it

If there weren't enough signs that maybe Elon Musk isn't quite the Tony Stark-esque businessman he thinks he is, this one might be the final nail in the coffin. According to Fortune (and corroborated by internal documents reportedly acquired by The Verge), X (formerly Twitter, if you've been living under a rock) has been internally valued by the Board of Directors (read: Elon Musk himself; who doesn't actually have a board) at $19 billion, a 55 percent markdown from the hefty price Musk actually paid for the company a year ago. — Read the rest