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.
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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.
