The disaster that Elon Musk brought on X (Twitter).

According to a new report, the stock value of X, or the former Twitter, has fallen by about 70% after its purchase by Elon Musk.

According to Fidelity Investments, the value of X has fallen 71.5% since it was bought by Elon Musk.

Musk's recent decisions have caused many advertising companies to stop broadcasting their ads on the X social network, and this has caused a sharp decrease in Twitter's revenues.

Since the purchase of X by Elon Musk, Fidelity has continuously reduced the company's stock price.

After Elon Musk bought Twitter in October 2022, he made many changes, including firing employees and some high-level managers of the company. These changes caused confusion and fleeing of advertisers and as a result reduced the company's revenues. Now X's revenue has dropped to $2.5 billion in 2023, which represents a significant drop.

Also, some famous companies in the world such as Apple, Disney and IBM recently left X social network because of Elon Musk's implicit support of anti-Semitism.