Elon Musk’s X Is Worth 71% Less Than He Bought It For, Says Fidelity

1 year ago 81

A mutual fund that helped Elon Musk buy X now says the platform is worth 71.5% less than the $44 billion it was purchased for in 2022, according to Axios Sunday. Fidelity cut the valuation of Musk’s social media platform by more than 10% in November when Elon Musk shared his thoughts on Jews and told advertisers to “go…

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