Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

Down 80%: Fidelity says X has plummeted in value since Elon Musk's takeover

According to investment giant Fidelity, estimates of its shares in X have become 80% less valuable since Elon Musk took over.

X sees its value drop more than 75% since Elon Musk's takeover

New Fidelity filing shows another downgrade.

Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates

The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.

Fidelity: X is worth nearly 80% less than when Elon Musk bought it

The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.

Fidelity Slashes Valuation of X/Twitter by 79% Since Elon Musk's Acquisition

Investment giant Fidelity has marked down the value of its stake in Elon Musk's X, formerly known as Twitter, by a staggering 78.7 percent as of the end of August, implying an overall valuation of just $9.4 billion for the social media platform that Musk purchased for $44 billion after attempting to back out of the deal.

X now worth less than 1/4th of what Elon Musk paid for it, analysts believe it to be worth less than $10bn

When Musk acquired Twitter for a whopping $44 billion, Fidelity invested $19.66 million in the company. However, as of July 2024, Fidelity’s shares in X are now valued at just $5.5 million, putting the entire platform’s worth at a modest $9.4 billion