Billionaire Elon Musk

Billionaire Elon Musk (right) speaks on stage while campaigning with Donald Trump in Butler, Pennsylvania on October 5. Photo: AFP

World last week: Elon Musk will lead the new US agency

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Israel expands airstrikes in Lebanon and Syria, Donald Trump establishes a new agency for Elon Musk to lead... are notable news of the past week.

X's stock value at the end of August was only 4.2 million USD, down 24% compared to the end of July. Graphics: Thach Lam

Elon Musk's X stock drops nearly 80% in value

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Shares of X (formerly known as Twitter) are down nearly 80% from before Elon Musk bought them.