December 6, 2023

In additional unhealthy information for X (Twitter), Constancy has marked down its funding within the firm by 65%.

Constancy was one of many buyers that backed Elon Musk’s $44 billion buy of the social media large, accounting for $300 million. In accordance with Axios, nevertheless, the mutual fund has marked down its funding by 65%.

The revelation spells additional bother for X at a time when Musk and CEO Linda Yaccarino are attempting to reassure buyers that the corporate is wholesome. The platform noticed a well-publicized drop in advertisers after Musk’s takeover and utilization numbers have plummeted.