The platform formerly known as Twitter has lost more than $25 billion in market value since petulant oligarch Elon Musk bought the company just one year ago after he opened the platform up to hate-mongering extremists and other conservatives who have been previously ejected from the site, Fortune reports.
Musk paid $44 billion for the platform back in October 2022. Today, the company said in a disclosure of information for a price of $54.20 per share before taking it private. Since then, he’s lost 15% of users and advertising revenue dropped by 60% after he started to allow various people who had previously been barred by the platform–like Donald Trump, Andrew Tate, Marjorie Taylor-Greene and other far-right, violence promoting extremists.