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

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 …

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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’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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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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Since Elon Musk’s Twitter Purchase, Firm Reportedly Lost 72% Of Its …

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Jan 2, 2024 · Fidelity cuts value of X stake, implying 72% drop since Musk paid $44 billion. Fidelity's latest valuation of its stake in X implies that Elon Musk's social network is worth …

arstechnica.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 · 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

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Value Of X Has Fallen 72% Since Elon Musk Bought The Company …

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Jan 3, 2024 · 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 …

msn.com

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

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Fidelity said in a recent document that its current stake in X was worth $5.6 million in November. That’s down 72 percent from the value of its stake at the time of the takeover.

msn.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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Fidelity Cut The Value Of Stake In Musk’s X By 10% In January - MSN

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The overall value of Fidelity’s X stake has fallen 72% since the time of Musk’s takeover of the company formerly known as Twitter. It hasn’t disclosed any change in its position in X, so the ...

msn.com

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

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Jan 3, 2024 · PressReader. Catalog; For You; The Boston Globe. Fidelity’s X stake fell 72% in value since Musk buy 2024-01-03 - By Vlad Savov and Tom Maloney . Elon Musk’s X is now …

pressreader.com

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

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Jan 2, 2024 · Fidelity believes its stake in X, formerly known as Twitter, is now worth 71.5% less than when Musk bought it Provided by Dow Jones Jan 2, 2024 3:00pm By Barbara Kollmeyer

morningstar.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 Cuts Value Of X Stake, Implying 73% Decline In Former

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Fidelity cuts value of X stake, implying 73% decline in former Twitter since Elon Musk's takeover Discussion fortune.com Open. Share Sort by: Best. Open comment sort options ... Still the …

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FAQs about Fidelity’s X Stake Fell 72% in Value Since Musk Buy - Yahoo Finance Coupon?

How much is fidelity's X stake worth?

In December, it marked the position up 11.4% to $6.2 million. The overall value of Fidelity’s X stake has fallen 72% since the time of Musk’s takeover of the company formerly known as Twitter. It hasn’t disclosed any change in its position in X, so the latest report implies the value of the Musk’s entire social-media company has also fallen by 72%. ...

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. ...

How much is the Fidelity Fund's stake worth?

That’s a sharp drop from the $19.66 million the Fidelity fund said its stake was worth around the time that Musk was finalizing his acquisition of Twitter, and 14.5% less than the $6.55 million the fund said its shares were worth last April. Fidelity’s latest filing was earlier reported by Axios . ...

Did fidelity change its stake in X?

The company hasn’t disclosed any change in its stake in X, so the latest report implies the value of the entire company has also fallen by 72%. It’s unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from the company. ...

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. ...

Does fidelity own X holdings?

Fidelity has marked down the value of its shares in X Holdings Corp., the parent company of the platform formerly known as Twitter, by 71.5 percent since Elon Musk purchased the company in October 2022. The investment firm cut its valuation of X by about 10.7 percent in November alone, from an estimated $6.3 million… ...