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.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left12Leaning Right9Center12Last UpdatedBias Distribution36% Left, 36% Center
Bias Distribution
- 36% of the sources lean Left, 36% of the sources are Center
37% Center
L 36%
C 37%
R 27%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage