The fund now values its stake in X at approximately $4.18 million.
Global investment firm Fidelity has reduce the value of its holding in Elon Musk-run X (formerly Twitter) by a massive 78.7 per cent, which implies that the X social media platform is likely valued at just $9.4 billion.
The tech billionaire had bought the social media company for $44 billion in October 2022 after an intense drama.
As per new estimate from asset manager Fidelity, X is now valued at less than a quarter of its $44 […]
Investment Firm Fidelity Reduces Value Of Elon Musk's X By 79% – NDTV
Investment Firm Fidelity Reduces Value Of Elon Musk's X By 79% – NDTV
