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 […]