Elon Musk Bought X For $44B, Now Fidelity Values Social Media …

Oct 2, 2024 · With its latest valuation revision, Fidelity assigns a valuation of $9.4 billion. This marks a significant decline from Musk's $44 billion purchase price. Trending: Unlock a $400 …

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Elon Musk Bought X For $44B, Now Fidelity Values Social Media …

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Oct 2, 2024 · With its latest valuation revision, Fidelity assigns a valuation of $9.4 billion. This marks a significant decline from Musk's $44 billion purchase price. Trending: Unlock a $400 …

yahoo.com

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Fidelity Values Elon Musk’s X At $9 Billion—Almost A Fifth ... - Forbes

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Sep 30, 2024 · Topline. Elon Musk’s X is worth a little more than one-fifth of the $44 billion he paid to acquire the social media platform formerly known as Twitter, according to Fidelity, the …

forbes.com

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Elon Musk Bought X For $44B, Now Fidelity Values Social

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Oct 1, 2024 · Fidelity was one of the investors in Elon Musk's buyout of Twitter/X in 2022. The fund has cut its valuation for the social media platform significantly.

benzinga.com

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Elon Musk Bought X For $44B, Now Fidelity Values Social Media …

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Oct 2, 2024 · For context, Fidelity initially invested $19.66 million in X through its mutual fund. Following the latest valuation cut, Fidelity now values its stake at 78.7% below the original …

benzinga.com

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Elon Musk’s X Is Worth Nearly 80% Less Than When He Bought It, …

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Oct 2, 2024 · New York CNN —. The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from …

cnn.com

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Musk’s $44 Billion Twitter Now Valued At Just $9.4b As X.

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Sep 30, 2024 · The markdown comes courtesy of Fidelity which now values its initial $19.66 million investment in X at just $4.18 million. The asset manager, which helped Musk acquire …

theverge.com

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Fidelity Values X Nearly 80% Less Than When Musk Bought It

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Sep 30, 2024 · X, the social media site formerly known as Twitter that Elon Musk bought in October 2022 for $44 billion, is now worth $9.4 billion, according to new estimates from …

entrepreneur.com

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Elon Musk Now Values X/Twitter At $19b After Buying Site For $44b

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Oct 31, 2023 · Elon Musk has confirmed X/Twitter is now worth $19billion – less than half of the $44billion he paid to acquire it. ... Elon Musk has confirmed that the social media platform …

nme.com

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Fidelity Has Cut Its Estimate Of X’s Value By 79% Since Musk’s …

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Sep 29, 2024 · This isn’t the first time Fidelity has cut the value of its holding in X. As of July’s end, Fidelity had valued its shares in X at about $5.5 million. This 78.7% markdown implies …

techcrunch.com

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Elon Musk's X Faces Valuation Cut By Fidelity - Yahoo Finance

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Jan 2, 2024 · Fidelity estimates Elon Musk's social media company X, formerly Twitter, is now worth 71.5% less than it was when the billionaire acquired the company. Musk bought X for …

yahoo.com

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X Says It Is Worth $19bn One Year After Elon Musk’s $44bn Acquisition

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Oct 30, 2023 · Social media platform X, formerly known as Twitter, has valued its equity at $19bn, the company told employees, a year after Elon Musk acquired it in a $44bn deal. In an internal …

ft.com

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X’s Value Has Fallen 79% Since Musk Takeover, Fidelity Estimates

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Sep 30, 2024 · — The social media platform X has retained less than a quarter of its worth in the two years since Elon Musk bought it for $44 billion, new Fidelity reporting suggests. The …

newsnationnow.com

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Elon Musk's X Gets Another Valuation Cut From Fidelity - Axios

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Dec 31, 2023 · Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as …

axios.com

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Fidelity Fund Again Trims Elon Musk’s X Valuation

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Jan 2, 2024 · 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 …

cnn.com

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Elon Musk’s X Is Worth 71% Less Than He Bought It For, Says Fidelity

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Jan 2, 2024 · A mutual fund that helped Elon Musk buy X now says the platform is worth 71.5% less than the $44 billion it was purchased for in 2022, according to Axios Sunday. Fidelity cut …

gizmodo.com

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Elon Musk Bought X For $44B, Now Fidelity Values Social Media

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Oct 2, 2024 · Fidelity was one of several companies that helped Elon Musk acquire social media platform X, formerly known as Twitter, back in 2022. ... This article Elon Musk Bought X For …

aol.com

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Musk’s X Falls Below $10 Billion As Value Continues To Plummet

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Sep 30, 2024 · When Musk bought Twitter two years ago, Fidelity invested $19.66 billion dollars into the company through its Blue Chip Fund. As of this writing, Fidelity estimates the value of …

gizmodo.com

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How Elon Musk Uses His Social Media Platform To Boost Trump : NPR

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Oct 25, 2024 · X's financial outlook: Value down nearly 80%. When Musk bought Twitter, he loaded the company up with $13 billion in debt — loans extended by a collection of banks …

npr.org

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Elon Musk's Wealth Skyrockets—Here's His Latest Net Worth

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2 days ago · The bulk of Musk's net worth comes from his stakes in Tesla, SpaceX, social media platform X, and artificial intelligence company xAI. Musk has a 13% ownership stake in Tesla, …

investopedia.com

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Social 80% Decline In Value Of X Since Musk Purchase According To …

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Aug 17, 2018 · Elon Musk Bought X For $44B, Now Fidelity Values Social Media Network Below $10B Fidelity was one of several companies that helped Elon Musk acquire social media …

sherdog.com

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Elon Musk Took On Another Role, Becoming Trump's Efficiency

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1 day ago · In 2022, the business mogul acquired Twitter for $44 billion, later renaming the social media platform X and scrapping the bird logo. While CEO Linda Yaccarino runs X's daily …

yahoo.com

FAQs about Elon Musk Bought X For $44B, Now Fidelity Values Social Media … Coupon?

How much is Elon Musk's X Worth now?

Here's How Much Elon Musk's X Is Worth Now Compared to When He First Bought It for $44 Billion A new Fidelity document shows how far X shares have fallen. Elon Musk bought Twitter, now X, in October 2022 for $44 billion. In October 2023, Fidelity valued X at $19 billion. The site is now valued at $9.4 billion, according to Fidelity. ...

Did fidelity buy Elon Musk's social media platform?

By Barbara Kollmeyer Fidelity has again marked down its stake in Elon Musk's social media platform, formerly known as Twitter though now called X, which the money manager helped him purchase for $44 billion. Fidelity Blue Chip Growth Fund had valued its stake at nearly $20 million in October 2022, when Musk bought what is now known as X Holdings. ...

Is Elon Musk moving X out of San Francisco?

Elon Musk Is Officially Moving X Out of San Francisco: 'No Choice' In December, Fidelity disclosed that X was worth 71.5% less than when Musk acquired it, at a valuation of $12.5 billion. In October 2023, Fidelity valued X at $19 billion. ...

How much did fidelity invest in X?

For context, Fidelity initially invested $19.66 million in X through its mutual fund. Following the latest valuation cut, Fidelity now values its stake at 78.7% below the original investment. With its latest valuation revision, Fidelity assigns a valuation of $9.4 billion. This marks a significant decline from Musk's $44 billion purchase price. ...

How much is fidelity X worth?

The new valuation from Fidelity implies that it believes X is now worth just $9.4 billion — a far cry from the $44 billion that Musk paid. Other investors could value X differently. Analysts say Fidelity’s plunging price tag for X likely reflects shrinking ad revenue at the company, which no longer publicly releases quarterly financial metrics. ...

Does fidelity still own X holdings?

Photo by Michael M. Santiago/Getty Images. Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter. ...