Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
Headline from KVIA El Paso
By Matt Egan, CNN 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 investment giant Fidelity.
KVIA El Paso's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
By Matt Egan, CNN 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 investment giant Fidelity.
Investment giant Fidelity has marked down the value of its stake in Elon Musk's X, formerly known as Twitter, by a staggering 78.7 percent as of the end of August, implying an overall valuation of just $9.
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