The social media platform X has lost 71% of its value since it was bought by Elon Musk, according to the mutual fund Fidelity. Fidelity, which owns a stake in X Holdings, said in a disclosure obtained by Axios that it had marked down the value of its shares by 71.5% since Musk’s purchase.

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The Hill

Washington

District of Columbia

United States

Fidelity has marked down value of X by 71.5 percent since Musk takeover

Owner has sworn at advertisers among other controversies

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Independent

Evgeny Lebedev

London

Greater London

England

United Kingdom

Twitter is now worth less than a third what Musk paid, report says

Investment giant Fidelity believes its shares of X, the platform formerly known as Twitter, are worth 71.5% less than when Musk first purchased the social media company in October 2022, according to a new securities filing.

Warner Bros. Discovery

Atlanta

Fulton County

Georgia

Fidelity fund again trims Elon Musk’s X valuation

Fidelity's new valuation estimated that its shares of X are worth $5.3 million, far from the $19.66 million valuation just prior to Elon Musk's takeover.

CBS News

National Amusements

Michael Redstone

Elon Musk's X worth 71.5% less than it was when he bought the platform in 2022, Fidelity says

Fidelity has marked down the value of its shares in X Holdings Corp., the parent company of the platform formerly known as Twitter, by 71.5 percent since Elon Musk purchased the company in October 2022. The investment firm cut its valuation of X by about 10.7 percent in November alone, from an estimated $6.3 million…

Nexstar Media Group

Fidelity, an equity stakeholder in X, has been steadily reducing the value of its stake in the aftermath of Musk's takeover.

Benzinga

New York

X's Value Drops 71%: Fidelity Links Decline To Elon Musk's Takeover And Advertiser Tensions - IBM (NYSE:IBM), Walt Disney (NYSE:DIS)

An investor in the purchase of Twitter by American billionaire Elon Musk believes that the company fell in price by 71% after the deal, Axios reports. RIA Novosti, 31.12.2023

Инвестор покупки американским миллиардером Илоном Маском соцсети Twitter считает, что компания после сделки подешевела на 71%, сообщает портал Axios. РИА Новости, 31.12.2023

Соцсеть X подешевела на 71 процент, заявил инвестор

RIA Novosti [🇷🇺-affiliated]

Russia

Social network X has fallen in price by 71 percent, investor said

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

WION

Invesco

Noida

Uttar Pradesh

India

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

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 […]

Deadline

Penske Media Corporation

Los Angeles

Los Angeles County

California

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

Elon Musk’s X is now worth less than one-third of what the billionaire paid for the company formerly known as Twitter Inc., based on a recent estimate from investor Fidelity.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Fidelity’s X Stake Has Fallen 72% in Value Since Musk Takeover

Elon Musk bought Twitter for $44 billion in October 2022. He later renamed to company to X.

Business Insider

X is worth 71% less now after Elon Musk took over and burned its bridges with advertisers: Fidelity

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

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