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 …

79%
OFF

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

2 weeks from now

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

79%
OFF

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

2 weeks from now

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

2%
OFF

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

2 weeks from now

Sep 30, 2024 · The investment firm has reduced the value of its stake multiple times this year: Fidelity marked down the value of its shares by 10.2% in January and another 5.7% in …

forbes.com

80%
OFF

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

2 weeks from now

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

75%
OFF

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

2 weeks from now

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

80%
OFF

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

2 weeks from now

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

79%
OFF

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

2 weeks from now

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

79%
OFF

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

2 weeks from now

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

79%
OFF

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

2 weeks from now

Sep 30, 2024 · Fidelity, which helped Musk buy X, has reduced the value of its stake in X by 78.7 percent as of the August end. The social media platform is now valued at around $9.4 billion. …

moneycontrol.com

79%
OFF

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

2 weeks from now

Sep 30, 2024 · General News. (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 …

allsides.com

72%
OFF

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

2 weeks from now

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

5%
OFF

Fidelity Believes Its Stake In X, Formerly Known As Twitter, Is Now ...

2 weeks from now

Jan 2, 2024 · That means Fidelity now believes its X Holdings stake is worth 71.5% less than when it was purchased. The financial company had made previous cuts to that valuation, more …

morningstar.com

79%
OFF

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

2 weeks from now

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. ... Fidelity has cut X's value by 79% since Musk …

theverge.com

79%
OFF

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

2 weeks from now

ycombinator.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. ...

Did fidelity cut X Corp's valuation?

Fidelity took a stake in X Corp for $300 million in October 2022 when Musk acquired the platform, formerly called Twitter, for $44 billion. In 2023, Fidelity had cut the valuation by 65 per cent, and now, it has further cut X's valuation in a new disclosure. ...

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 Elon Musk take over X?

According to investment giant Fidelity, estimates of its shares in X have become 80% less valuable since Elon Musk took over. ...

Did fidelity cut x's valuation in 2023?

In 2023, Fidelity had cut the valuation by 65 per cent, and now, it has further cut X's valuation in a new disclosure. Musk had reportedly told bankers, after taking $13 billion in loan to fund his Twitter acquisition, that they will not lose any money on the deal. ...