Coverage dated January 1, 2024

X now worth 71% less than when Elon Musk bought it, Fidelity estimates

Headline from Fox32 Chicago

Fidelity was part of the investment group that helped Elon Musk take over Twitter in late 2022.

Fox32 Chicago's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

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20 articles, oldest first.

Fox32 Chicago
X now worth 71% less than when Elon Musk bought it, Fidelity estimates (opens Fox32 Chicago)
Published Jan 1, 2024
Fox32 Chicago's feed description
Fidelity was part of the investment group that helped Elon Musk take over Twitter in late 2022.
Fortune
Elon Musk has wiped out 72% of Twitter's value since taking over, Fidelity reveals in new filing (opens Fortune)
Published Jan 1, 2024
Fortune's feed description
The now-private social media network has struggled to hold on to advertisers and is weighed down by $13 billion in debt.
The Guardian
Value of X has fallen 71% since purchase by Musk and name change from Twitter (opens The Guardian)
Published Jan 1, 2024
The Guardian's feed description
Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios
Insider
X is worth 71% less now after Elon Musk took over and burned its bridges with advertisers: Fidelity (opens Insider)
Published Jan 1, 2024
Insider's feed description
Elon Musk bought Twitter for $44 billion in October 2022. He later renamed to company to X.
Bloomberg
Musk’s X Value Cut by Another Fidelity Writedown, Axios Reports (opens Bloomberg)
Published Jan 1, 2024
Bloomberg's feed description
Elon Musk’s X is now worth less than a third of the price the billionaire paid for the former Twitter Inc., Axios reported, citing disclosures by Fidelity.
The Boston Globe
Fidelity’s X stake fell 72% in value since Musk buy (opens The Boston Globe)
Published Jan 1, 2024
The Boston Globe's feed description
Elon Musk’s X is now worth less than one-third of what the billionaire paid for the company formerly known as Twitter Inc., based on a recent estimate from investor Fidelity.
CNN
Fidelity fund again trims Elon Musk’s X valuation (opens CNN)
Published Jan 1, 2024
CNN's feed description
Investment giant Fidelity believes its shares of X, the platform formerly known as Twitter, are worth 71.5% less than when Musk first purchased the social media company in October 2022, according to a new securities filing.
Fortune
Elon Musk’s X sees another cut to valuation (opens Fortune)
Published Jan 1, 2024
Fortune's feed description
Fidelity marks down its shares of X, formerly Twitter, for the fourth time since the acquisition closed in October 2022.
CBS News
Elon Musk's X worth 71.5% less than it was when he bought the platform in 2022, Fidelity says (opens CBS News)
Published Jan 1, 2024
CBS News's feed description
Fidelity's new valuation estimated that its shares of X are worth $5.3 million, far from the $19.66 million valuation just prior to Elon Musk's takeover.
Gizmodo
Elon Musk’s X is Worth 71% Less Than He Bought it For, Says Fidelity (opens Gizmodo)
Published Jan 1, 2024
Gizmodo's feed description
Investors marked down the value of X in November, the same month advertisers fled Elon Musk’s free speech platform due to antisemitic content.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.