Tech
X now worth less than a third what Elon Musk paid for it: report
Fidelity, which helped Musk finance the acquisition, has cut the value of its holding in X by a further 11 per cent
Elon Musk’s X is now worth less than a third of the price the billionaire paid for the social media site formerly known as Twitter, Axios has reported, citing disclosures by Fidelity.
The investment firm, which helped Musk complete the $44 billion purchase, has cut the value of its holding in X as of the end of November by a further 11 per cent, Axios said, citing the latest portfolio update for Fidelity’s Blue Chip ...
