The entire story of Twitter / X under Elon Musk
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Musk’s $44 billion Twitter now valued at just $9.4b as X.
The markdown comes courtesy of Fidelity which now values its initial $19.66 million investment in X at just $4.18 million.
The asset manager, which helped Musk acquire the social network formerly known as Twitter, has further reduced the value of its holding in X to a total markdown of 78.7 percent as of August’s end, based on newly released disclosures from Fidelity’s Blue Chip Growth Fund.
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