The most expensive political ad of all time
Judd Legum, Rebecca Crosby, and Noel Sims write: In 2022, Elon Musk purchased Twitter, one of the world’s largest social networks, for $44 billion. From a financial perspective, it has not worked out well. Over the last two years, the value of Twitter — which Musk renamed X — has plunged. Internal documents reveal that company executives believed it was worth less than half of what Musk paid for it by October 2023. In 2024, Fidelity valued the company at…