Fidelity has cut its estimate of X's value by 79% since Musk's …

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 …

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

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techcrunch.com

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

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Sep 30, 2024 · Fidelity has repeatedly cut the value of its stake in the social media firm since Musk’s acquisition. ... purchased X in October 2022 has been reduced by nearly 79% as of the …

forbes.com

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Fidelity Marks Down X's Value By 79% Post-Musk Acquisition

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Fidelity has reduced the value of its stake in Elon Musk's X, formerly Twitter, by 78.7%, now valuing the platform at approximately $9.4 billion, a stark contrast to the $44 billion purchase …

belstad.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 · The upheaval has turned off advertisers and 2023’s revenue from ad sales is estimated to come in at $2.5 billion, far below the prior rate of roughly $1 billion per quarter, …

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

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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

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X’s Value Gone Down By 79% Since Elon Musk's Purchase

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Sep 30, 2024 · X’s value gone down by almost 79% since Elon Musk's takeover Asset manager Fidelity has marked down its stake in X, now valuing the social network at $9.4 billion. News …

tribune.com.pk

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

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Spread the loveFidelity Investments, a major investment firm, has significantly reduced its valuation of X, formerly Twitter, by a staggering 79% since Elon Musk acquired the social …

thetechedvocate.org

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

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Sep 30, 2024 · (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 reporting …

tradetrendstoday.com

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X's Value Down 75% Since Takeover - LinkedIn

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Oct 2, 2024 · 19h. 🐦 Since Elon Musk acquired Twitter/X, the company lost more than 75% according to co-investor Fidelity. Fidelity’s latest report values X (formerly Twitter) at less than …

linkedin.com

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

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Sep 30, 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 Fidelity. Fidelity, which helped Musk acquire X, values …

justoglobal.com

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Fidelity Has Lower X’s Worth By 79% Since Musk Buy

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Sep 30, 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 Elon Musk's X is now …

mobileplustech.com

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

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Sep 30, 2024 · Fidelity has cut X's value by 79% since Musk purchase (techcrunch.com) 3 points by jmsflknr 1 hour ago | hide | past | favorite | discuss.

ycombinator.com

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

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Sep 30, 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 …

kimhort.com

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Fidelity Has Cut X’s Value By 79% Since Musk Purchase - Cybazone.co

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Sep 30, 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 …

cybazone.co

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

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6 days ago · The firm’s unit has reduced the value of its holding in X by a total of 78.7% as of August end. For context, Fidelity had initially invested $19.66 million in X through the Blue …

dokmz.com

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

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Sep 30, 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 …

traderleaks.com

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

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Sep 30, 2024 · TechCrunch (@techcrunch). 89 Replies. 1.2K Likes. Fidelity has cut X’s value by 79% since Musk purchase https://tcrn.ch/4dpiC5d.

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FAQs about Fidelity has cut its estimate of X's value by 79% since Musk's … 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 X worth?

Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager’s Blue Chip Growth Fund now values its stake in X, formerly known as Twitter, at approximately $4.19 million, based on newly released disclosures from Fidelity’s Blue Chip Growth Fund. ...

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. ...

Did fidelity cut its stake in X?

Fidelity has reduced the value of its stake in X by 78.7 percent as of the end of August, bringing its valuation down to around $4.19 million, the report said, citing disclosures from the Fidelity Blue Chip Growth Fund. Fidelity previously invested $19.66 million in X through this fund. This isn't the first valuation cut. ...

Does fidelity own X?

It’s the latest in a series of markdowns by Fidelity since Musk concluded the acquisition of the social media platform in October 2022, as closely held X has struggled to hold on to advertisers and is weighed down by $13 billion in debt. Fidelity didn’t disclose the size of its current stake in X, which it said was valued at $5.6 billion. ...

How much is fidelity valuing X?

As of July’s end, Fidelity had valued its shares in X at about $5.5 million. This 78.7% markdown implies that Fidelity is currently valuing X at about $9.4 billion overall. (TechCrunch’s assessment assumes that Fidelity’s investment in X was made at a $44 billion valuation. The acquisition was financed through a combination of equity and debt.) ...