...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.
Musk acquired Twitter
for $44bn in October 2022 and renamed the platform X in July 2023. Fidelity’s estimate would place the value of X at about $12.5bn....
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