Elon Musk’s X Is worth 71% less than he bought it for, says Fidelity

Fidelity again downgrades estimated valuation of Musk-owned X

The mutual fund giant — and X investor — estimates that the social media platform is worth 71.5% less than the $44 billion Musk bought it for in 2022.

Twitter ya no vale ni el 30% de lo que pagó Elon Musk por la 'app'

Desde el punto de vista financiero, al menos, 2023 fue un año fatídico para X , red social conocida anteriormente como Twitter . Los ingresos publicitarios de la 'app' sufrieron un descalabro importante, y el modelo de suscripción que intentó potenciar Elon Musk para aumentar los ingresos se quedó lejos, mucho, de poder ser considerado como un éxito. Y, al menos en este inicio de 2024, nada indica que la situación de la aplicación vaya a cambiar…

After Elon Musk’s takeover, X has lost 71 per cent of its value: Report

Elon Musk-owned social media platform X (formerly Twitter) has lost 71.5 per cent of its value since the platform's takeover by the billionaire, said a disclosure made by mutual fund Fidelity accessed by Axios. Fidelity owns stake in X Holdings and has reportedly estimated that its stake has lost 71.5 per cent of its value. The proportional effect on the total value of the social media platform brings its worth to about USD 12.5 billion. Musk ha

Average, in October 2022 it was 44 billion dollars, now about 12.5 billion (ANSA)

Value Of X Has Fallen 72% Since Elon Musk Bought The Company, According To Analysis Of Investor’s Disclosure

Fidelity, which helped Elon Musk acquire the platform formerly known as Twitter in late 2022, announced that its stake in the company has fallen 72% in that time, according to an analysis by Bloomberg. In November, Fidelity said its current stake in X was worth $5.6 million in November, a 72% drop from the value […]

Elon Musk’s X Worth 71.5% Less Than When He Bought Twitter, Says Fidelity

Elon Musk’s X (formerly Twitter) is entering 2024 in its flop era. A recent analysis from Fidelity, one of the shareholders of Musk’s X Holdings, revealed that the company had lost 71.5 percent of its value since Musk purchased the social media platform. The November 2023 disclosure from the mutual fund — which contributed over $300 million to Musk’s Twitter takeover — marked down the value of its shares in the company, according to Axios. T…