The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.

The loss of advertising revenue has hurt the platform formerly known as Twitter the past two years, and the worst may be yet to come.

Elon Musk's X is worth nearly 80% less than what he paid for the social platform, formally known as Twitter, when he bought it two years ago