Published 2 years ago • loading... • Updated 2 years ago
Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
Fidelity estimates that Elon Musk's X, formerly known as Twitter, is worth nearly 80% less than the $44 billion paid in 2022, valuing it at $9.4 billion.
Fidelity has lowered its stake in X by 78.7%, reflecting concerns over declining ad revenue as companies stop spending to avoid controversial content.
Analysts suggest this diminished value is due to X's lack of public financial metrics, impacting its perceived overall health.