X's value down 75% since takeover - LinkedIn

Oct 2, 2024 · When Elon Musk bought Twitter in 2022 he paid $44bn (€40bn, £33bn) for the company. The business, which he renamed to X, is now worth more than 75% less, according …

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X's Value Down 75% Since Takeover - LinkedIn

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Oct 2, 2024 · When Elon Musk bought Twitter in 2022 he paid $44bn (€40bn, £33bn) for the company. The business, which he renamed to X, is now worth more than 75% less, according …

linkedin.com

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X’s Value Plummets By 75% Since Elon Musk’s Takeover: A

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Oct 5, 2024 · The once-prominent social media platform, Twitter, now rebranded as X, has seen its value nosedive by 75% since Elon Musk‘s $44 billion (€39.6 billion) acquisition in October …

linkedin.com

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Anane Ebenezer On LinkedIn: X’s Value Plummets By 75% Since …

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An $11B valuation is still 4-5x its underlying, real, value … Fidelity cuts value of X stake, implying 73% decline in former Twitter since Elon Musk's takeover Fidelity’s Blue Chip Growth Fund ...

linkedin.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 · Ad sales make up between 70% and 75% of X’s total revenue. Amid the deterioration in its financials, the company also recently shut down its San Francisco …

fortune.com

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X Has Lost 75% Of Its Value Since Elon Musk Took Over

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Oct 1, 2024 · The value of social media platform X has plunged by over 75 per cent compared to when billionaire owner Elon Musk bought it two years ago. The information comes from a …

euronews.com

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Fidelity Has Cut Its Estimate Of X’s Value By 79% Since ... - TechCrunch

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Sep 29, 2024 · 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 …

techcrunch.com

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X's Value Drops 71%: Fidelity Links Decline To Elon Musk's …

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Jan 2, 2024 · Fidelity, an equity stakeholder in X, has been steadily reducing the value of its stake in the aftermath of Musk’s takeover, as reported by Reuters. In May 2023, Fidelity valued X at …

benzinga.com

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

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Jan 2, 2024 · The fund's share of X was originally worth $19.7 million but lost about two-thirds of its value by April 2023 and has dropped more modestly since then. Fidelity cut its valuation of …

arstechnica.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. Art Raymond ... That was down 24% from the previous month and reflects a value drop of a staggering 79% from the time …

yahoo.com

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

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Sep 30, 2024 · — 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 suggests. The …

newsnationnow.com

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X’s Value Plummets After Musk Takeover - Medium

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Fidelity’s reduced stake in X signifies a substantial loss in value since Musk acquired the company for $44 billion. The 78.7% decrease is a stark reminder of the challenges facing the social ...

medium.com

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X Value Tumbles Under Musk Reign - LinkedIn

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Ouch. Fidelity has marked its Twitter stake down by 71.5% since it participated in Musk's take-over. - Nobody likes a write-down, but when a takeover is $44 bn, a mark-down really hurts.

linkedin.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 · That’s down 72% from the value of its stake at the time of the takeover. The company hasn’t disclosed any change in its stake in X, so the latest report implies the value of …

yahoo.com

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

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Oct 2, 2024 · Applying the shares' relative decline to the total value of X when it was purchased would indicate a $9.4 billion overall valuation, a steep drop from the $44 billion that Musk paid …

usatoday.com

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X Has Lost 79% Of Its Value Since Musk’s Takeover - Tech.co

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Sep 30, 2024 · Just months after he became owner, Musk rebranded the platform and announced his plan to slash 75% of the Twitter workforce, which equated to around 5500 jobs. Musk …

tech.co

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

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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.

tribune.com.pk

FAQs about X's value down 75% since takeover - LinkedIn Coupon?

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. ...

How much did x's valuation go down in November?

The investment firm cut its valuation of X by about 10.7 percent in November alone, from an estimated $6.3 million at the end of October to just under $5.6 million by the end of the following month, according to a recent filing. The social media company faced several scandals at the end of the year. ...

How has X changed since 2022?

A disclosure from an investment company with equity in the company indicates that X's value has significantly declined since 2022. The value of social media platform X has plunged by over 75 per cent compared to when billionaire owner Elon Musk bought it two years ago. ...

Did Elon Musk buy social media platform X?

The value of social media platform X has plunged by over 75 per cent compared to when billionaire owner Elon Musk bought it two years ago. The information comes from a disclosure report for Fidelity’s Blue Chip Growth Fund. As of July, the fund had an equity stake in X worth $5.5 million (€4.96 million). ...

Does Elon Musk still own X?

Under Elon Musk's ownership, the value of X continues to fall. The value of X, formerly known as Twitter, continues to dwindle. A newly released disclosure report from Fidelity’s Blue Chip Growth Fund, which has an equity stake in the social media company, has once again adjusted the value of that holding. ...

What happened to X ad sales?

Ad sales make up between 70% and 75% of X’s total revenue. Amid the deterioration in its financials, the company also recently shut down its San Francisco headquarters and moved to Texas. Employees who remain in California will be forced to move to a smaller office well outside of the city. ...