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Fidelity massively writes down their investment in "X"

Fidelity massively writes down their investment in "X"
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X's Valuation Dropped From $44 Billion to Only $12 Billion Under Elon Musk

X's Valuation Dropped From $44 Billion to Only $12 Billion Under Elon Musk
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Fidelity's X Stake Fell 72% in Value Since Musk Buy

(Bloomberg) 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.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsHarvard’s President Claudine Gay to Resign After ControversyTokyo Runway Collision Leaves 5 Dead, Aircraft AblazeUS Pressured Netherlands to Block China-Bound Chip MachineryHamas Says Israel Kills Senior Official in Beirut AttackT

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Value of Elon Musk's X cut by another fidelity writedown, shows report

Value of Elon Musk's X cut by another fidelity writedown, shows report
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x valuation: Elon Musk's X worth 'less than a third of purchase price': Fidelity

Fidelity cut by a further 11% the value of its holding in X as of the end of November, the report said, citing the latest portfolio update for its Blue Chip Growth Fund.

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