X’s value has fallen 79% since Musk takeover, Fidelity estimates

Sep 30, 2024 · 1 min read. (NewsNation) — 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 …

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

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Sep 30, 2024 · 1 min read. (NewsNation) — 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 …

yahoo.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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X Value Down 80% Since Elon Musk's Twitter Takeover: Fidelity Report

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Oct 2, 2024 · That's 79% less than the fund's estimate of its shares in October 2022 when Elon Musk took over Twitter, which were valued at $19.66 million. Applying the shares' relative …

usatoday.com

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X's Value Has Fallen More Than 75% Since Elon Musk Took Over

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Sep 30, 2024 · When Musk bought Twitter, Fidelity invested $19.66 million. As of the end of July, it says, those shares were worth just $5.5 million. That puts the total valuation of X at $9.4 …

fortune.com

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Fidelity Again Cuts Valuation Of Elon Musk's X, 79% Down Since His …

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Sep 30, 2024 · Fidelity again cuts valuation of Elon Musk's X, 79% down since his purchase. Fidelity, which helped Musk buy X, has reduced the value of its stake in X by 78.7 percent as …

moneycontrol.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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Fidelity Cuts Value Of X Stake, Implying 73% Decline | Fortune

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Mar 30, 2024 · Fidelity’s Blue Chip Growth Fund cut the value of its position in X by 5.7% in February, implying a 73% decline in the former Twitter Inc. since Elon Musk bought the social …

fortune.com

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Elon Musk Wiped Out 72% Of Twitter's Value, Fidelity Reveals In New ...

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Jan 2, 2024 · Fidelity has cut the valuation of its stake in Elon Musk’s X again, reflecting a 72% markdown since the billionaire bought the former Twitter Inc. a little more than a year ago. The …

fortune.com

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Fidelity’s Valuation Of X Drops By 79% Since Musk Takeover

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Sep 30, 2024 · Fidelity now values its shares in X at approximately $4.19 million, according to the annual report that was recently made public by Fidelity’s Blue Chip Growth Fund. Judging by …

techopedia.com

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Fidelity’s X Stake Fell 72% In Value Since Musk Buy - Yahoo Finance

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Jan 2, 2024 · Fidelity said in a recent document that its current stake in X was worth $5.6 million in November. That’s down 72% from the value of its stake at the time of the takeover. The …

yahoo.com

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Fidelity Has Cut X's Value By 79% Since Musk Purchase

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Sep 29, 2024 · Elon Musk’s X is now valued at less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager, which helped …

allsides.com

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Fidelity Slashes Valuation Of X/Twitter By 79% Since Elon Musk's ...

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Oct 1, 2024 · Investment giant Fidelity has marked down the value of its stake in Elon Musk’s X, formerly known as Twitter, by a staggering 78.7 percent as of the end of August, implying an …

allsides.com

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

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Mar 1, 2024 · Fidelity again marks down the value of Elon Musk's X. Fidelity marked down the value of its shares in Elon Musk's X Holdings by 10.2% in January, per a new disclosure. The …

axios.com

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Musk’s X Value Cut By Another Fidelity Writedown - Bloomberg.com

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Jan 2, 2024 · Fidelity has cut the valuation of its stake in Elon Musk’s X again, reflecting a 72% markdown since the billionaire bought the former Twitter a little more than a year ago. …

bloomberg.com

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Fidelity’s X Stake Fell 72% In Value Since Musk Buy - Bloomberg.com

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Jan 2, 2024 · Fidelity said in a recent document that its current stake in X was worth $5.6 million in November. That’s down 72% from the value of its stake at the time of the takeover. The …

bloomberg.com

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Elon Musk's X Worth 71.5% Less Than It Was When He Bought

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Jan 2, 2024 · The new valuation from Fidelity's Blue Chip Growth Fund, which reported data through Nov. 30, 2023, estimates that its shares of X are worth $5.3 million — down from an …

cbsnews.com

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Fidelity’s X Stake Fell 72 Percent In Value Since Musk Buy

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Jan 2, 2024 · The firm, which helped Musk complete his $44 billion purchase, cut the value of its holding in X by 19 percent in its November portfolio update for the Blue Chip Growth Fund, …

bostonglobe.com

FAQs about X’s value has fallen 79% since Musk takeover, Fidelity estimates Coupon?

How much did fidelity invest in Elon Musk's social media platform X?

Fidelity had previously invested $19.66 million in X through this fund, but this isn't the first valuation cut. Elon Musk's social media platform X, formerly Twitter, is now valued at approximately $9.4 billion, less than a quarter of its original $44 billion purchase price, TechCrunch has reported. ...

How much is Elon Musk's social media platform X worth?

Elon Musk's social media platform X, formerly Twitter, is now valued at approximately $9.4 billion, less than a quarter of its original $44 billion purchase price, TechCrunch has reported. The markdown comes from Fidelity, the asset manager which helped Musk acquire the social network. ...

Why did fidelity X lose its value?

The latest disclosure by a Fidelity mutual fund reflects a long-running trend that has steadily reduced X’s estimated value over the past year amid successive crises at the company, many of which have been driven by owner Elon Musk. ...

How much did fidelity invest in X?

For context, Fidelity had initially invested $19.66 million in X through the Blue Chip Fund, as per regulatory filings. 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. ...

Did fidelity increase X's carrying value?

The big picture: This resumes a trend that took a brief respite in December, when Fidelity had actually increased X's carrying value. By the numbers: Fidelity now says X is worth 71.5% less than when it first helped Musk buy what was then still known as Twitter. ...

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. ...