Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.
The asset manager, which helped Musk acquire the social network formerly known as Twitter, now values its stake in X at approximately $4.19 million, based on newly released disclosures from Fidelity’s Blue Chip Growth Fund. The fund has reduced the value of its holding in X by a total of 78.7% as of August end.
This, but no /s. He’s evaporated $35 billion from Twitter and is convincing conservatives to buy electric vehicles. I might like him about as much as I’d like a tick on my nutsack, but he is accomplishing things that align with my goals.
Like getting people to vote for a fascist dictator or attempting to incite civil war in the UK (and soon US)