The value of social media platform X has plunged by over 75 per cent compared to when billionaire owner Elon Musk bought it two years ago. The information comes from a disclosure report for Fidelity’s Blue Chip Growth Fund. As of July, the fund had an ...

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 ...

The value of X, formerly Twitter, is now estimated to be less than a quarter of the $44 billion Elon Musk paid for it. The social media platform has suffered an advertiser and user exodus sparked by concerns about both the content being allowed and the ...

Fidelity marked up the value of its holdings in Elon Musk's X by 32.37% in October, Axios reported Sunday, possibly boosted by the social media's stake in xAI. Despite the markup, Fidelity still values the platform formerly known as Twitter at a 72% ...

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 ...

Still, the discontinuation of Model S and X is a huge deal for the company and will likely cause a lot of grumpiness among fans. The Tesla Model S was the company's first family s