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- cross-posted to:
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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.
By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).
“we dug our own grave with Twitter”
I’m pretty sure he said “We dug our own grave with Cybertruck”, not Twitter.
I think he said that “Earth will know Advertisers are to blame for Twitter’s downfall”, or something to that effect. You know, the more ridiculous quote.
That’s correct, I was harkening esteemed musk critic Thunderf00t, who purposely changes the quote depending on the specific subject of his videos.