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Fortune
Fortune
Shawn Tully

According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion

Elon Musk says the most outrageous things. But the message he posted at 7:04 p.m. on Labor Day evening may rank as the most negative, in fact self-indicting, assessment a corporate leader has ever issued about their own enterprise.

Musk fired off this head-spinning salvo in his attack on the Anti-Defamation League, the Jewish-led organization civil rights organization. The ADL had strongly objected to virulently anti-Semitic tweets from far-right hate groups that X permitted on the platform. Musk charged that the ADL was "aggressive in their demands to ban social media accounts even for minor infractions," and that the organization was "trying to kill X" by pressing advertisers to avoid the site. But the most mystifying feature wasn't that, once again, Musk shot off his mouth and hit his foot, but that he actually put a number on the financial damage allegedly inflicted by the ADL that's likely to floor his partners and lenders.

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