Fidelity has marked down value of X by 71.5 percent since Musk takeover
Fidelity has reduced the value of its stake in X Holdings, the parent company of the platform formerly known as Twitter, by 71.5 percent since Elon Musk acquired the company in October 2022. The investment firm slashed Company X's valuation by about 10.7% in November alone, from an estimated $6.3 million at the end of […]
X now worth 71% less than when Musk bought it, Fidelity estimates
Check out what's being clicked on FoxBusiness.com The value of X, the platform formerly known as Twitter, is now 71% lower than when Elon Musk acquired it in late 2022, according to Fidelity. The investment group made the assessment on Monday, marking the second time it has reduced X's value in 2023, Axios reported. Musk […]