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Tags: musk | X | twitter | fidelity | downgrade

Elon Musk's X Gets Another Valuation Cut from Fidelity

Elon Musk's X Gets Another Valuation Cut from Fidelity
(AP)

Sunday, 31 December 2023 11:54 AM EST

 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 Twitter, Axios reported on Sunday.

Fidelity believes that X is worth 71.5% less than at the time of purchase, the report added, citing a new disclosure that runs through the end of November 2023.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
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 Twitter, Axios reported on Sunday.Fidelity believes that X is worth 71.5% less than at the time of purchase,...
musk, X, twitter, fidelity, downgrade
65
2023-54-31
Sunday, 31 December 2023 11:54 AM
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