Fidelity has cut X’s value by 79% since Musk purchase

Elon Musk’s X is now valued at less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.  The asset manager, which helped Musk acquire the social network formerly known as Twitter, has further reduced the value of its holding in X to a total markdown of 78.7% […]

© 2024 TechCrunch. All rights reserved. For personal use only.

from TechCrunch https://ift.tt/mGXOur8