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.

Sep 30, 2024 - 09:00

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% […]