X says it is worth $19 billion, down from $44 billion last year

X, formerly known as Twitter, has given stock grants to employees showing its worth at $19 billion, down 55% from the $44 billion Elon Musk paid to buy the company. Musk believes he overpaid for the social network and has made significant changes since owning it, including overhauling the firm, changing the verification process and content-moderation rules, and loading the company with debt. Despite the drop in value, Musk remains optimistic about X's potential and has plans to expand its features.