The valuation of social media platform X has dropped dramatically in the eyes of major investment firm Fidelity, according to multiple reports.
The market value of Fidelity Blue Chip Growth Fund’s shares in the private company is estimated at $4.2 million, according to a monthly report released Sunday.
That’s 79% less than the fund’s estimate of its shares in October 2022 when Elon Musk took over Twitter, according to CNN and TechCrunch. Applying the shares’ relative decline to the total value […]
Down 80%: Fidelity says X has plummeted in value since Elon Musk's takeover – reports