Elon Musk’s X is worth nearly 80% less than when he bought it, …

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 …

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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 · The market value of Fidelity Blue Chip Growth Fund's shares in the private company is estimated at $4.2 million, according to a monthly report released Sunday. That's 79% less …

usatoday.com

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X Sees Its Value Drop More Than 75% Since Elon Musk's Takeover

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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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X Value Now Down 80% Since Elon Musk Takeover - Yahoo Finance

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Oct 2, 2024 · X value now down 80% since Elon Musk takeover. A workman removes a character from a sign on the Twitter headquarters building in San Francisco, July 24, 2023. The social …

yahoo.com

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

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Sep 30, 2024 · Fidelity marked down the value of X by nearly 80% (exactly 78.7%) in its Blue Chip Growth Fund annual report, filed Saturday. The filing showed that Fidelity's initial …

entrepreneur.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 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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Twitter News: Value Drops By 80% Since Musk Buy | CTV News

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Published Oct. 3, 2024 8:31 a.m. PDT. Share. NEW YORK CITY -. The social media platform formerly known as Twitter is worth almost 80 per cent less than two years ago when Elon …

ctvnews.ca

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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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X Has Dropped 80% Of Value Since Musk Bought It: Report - MSN

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When Elon Musk bought the former Twitter in October 2022 for $44 billion, the investment firm Fidelity held some $19.66 million worth of shares. Now, two years later, there's been a bit of a …

msn.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 Fund Again Trims Elon Musk’s X Valuation - CNN

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Jan 2, 2024 · 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 …

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

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Jan 2, 2024 · Elon Musk has wiped out 72% of Twitter’s value since taking over, Fidelity reveals in new filing. Fidelity has cut the valuation of its stake in Elon Musk’s X again, reflecting a 72% …

fortune.com

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

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Sep 30, 2024 · The investment company that helped Musk buy Twitter in October 2022 slashed the value of its holding by 78.7% as of late August. Fidelity, which originally invested $19.66 …

newsnationnow.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 · X, the social media platform formerly known as Twitter, is now worth an estimated 71.5% less than it was when Elon Musk purchased the platform in Oct. 2022, according to a …

cbsnews.com

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Elon Musk’s X Sees Another Cut To Valuation - Fortune

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Jan 2, 2024 · According to Axios, Fidelity, the mutual fund titan instrumental in Elon Musk’s $44 billion takeover of X, has marked down the value of its investment for the fourth time since October 2022. The ...

fortune.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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X Value Now Down 80% Since Elon Musk Takeover

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Oct 2, 2024 · In a Fidelity prospectus released last week, the financial giant reports its investment in Musk’s purchase of Twitter in October 2022, worth nearly $20 million at the time, had declined in value to $4.2 million as of the end of August 2024. That was down 24% from the previous month and reflects a value drop of a staggering 79% from the time ...

deseret.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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Stake In X Has Fallen 72% Since Elon Musk Bought The Company …

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Jan 2, 2024 · In November, Fidelity said its current stake in X was worth $5.6 million in November, a 72% drop from the value of its stake at the time Musk took control. Stake In X Has Fallen 72% Since Elon ...

deadline.com

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

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Oct 25, 2024 · Fidelity, which was a major investor in Musk's Twitter takeover, estimated in September that the value of its stake in the site has plummeted by nearly 80%, suggesting that …

npr.org

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Twitter Has Lost 80% Of Its Value Since Elon Musk Renamed It X: Report

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Oct 2, 2024 · The platform is reportedly worth less than $10 billion today. Elon Musk's X is now valued at $9.4 billion. Latin Times. New estimates from Fidelity proved Elon Musk might have overpaid for Twitter ...

ibtimes.com

FAQs about Elon Musk’s X is worth nearly 80% less than when he bought it, … 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. ...

Is Elon Musk's X losing users?

SEE ALSO: Elon Musk's X is losing users in the U.S., UK, and EU. X's own data proves it. The financial platform should know what it's talking about, too, because it helped Musk acquire X back in 2022 and owns a stake in the company. Fidelity's initial investment, per TechCrunch, was $19.66 million. ...

Did Elon Musk buy Twitter?

Link Copied! Elon Musk in Krakow on January 22. 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 investment giant Fidelity. X no longer trades publicly after Musk shelled out $44 billion to take it private in October 2022. ...

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. ...

How did fidelity help Elon Musk?

Fidelity helped Elon Musk with his Twitter takeover, earning a stake in X that's become increasingly less valuable. ...

Did fidelity increase Elon Musk's X Holdings' carrying value?

Fidelity marked down the value of its shares in Elon Musk's X Holdings by 10.2% in January, per a new disclosure. The big picture: This resumes a trend that took a brief respite in December, when Fidelity had actually increased X's carrying value. ...