https://arstechnica.com/tech-policy/2023/10/elon-musks-chaotic-first-year-at-twitter-leaves-x-corp-with-shaky-finances/

One year after Elon Musk's $44 billion purchase of Twitter, which he completed on October 27, 2022, after months of legal drama, the social media firm that Musk renamed "X" is on shaky financial ground.

Musk has expressed ambitions to transform X into an "everything app" that includes a digital payments platform and audio and video calling. He told employees that, despite massive cuts eliminating most of Twitter's pre-Musk workforce, he sees "a clear but difficult path" to a future valuation of more than $250 billion.