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

Elon Musk’s X is now worth 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, now values its stake in X at approximately $4.19 million, based on newly released disclosures from Fidelity’s […] © 2024 TechCrunch. All rights reserved. For personal use only.

Sep 30, 2024 - 16:00

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

Elon Musk’s X is now worth 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, now values its stake in X at approximately $4.19 million, based on newly released disclosures from Fidelity’s […]