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

  • X, formerly known as Twitter, has seen its value decline by 71.5% since Elon Musk purchased the platform in Oct. 2022, according to Fidelity securities filing.
  • Fidelity, an equity stakeholder in X, has been steadily reducing the value of its stake since Musk's takeover, with a current valuation of $5.3 million.
  • Controversies and advertiser boycotts, including Musk's endorsement of an antisemitic post, have contributed to the decline of X's value and advertiser confidence.
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  • 36% of the sources lean Left, 36% of the sources are Center
37% Center
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