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Fidelity again downgrades estimated valuation of Musk-owned X

Por: WPTV Nation January 03, 2024

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Investment giant Fidelity has again downgraded its estimated valuation of Elon Musk's X — formerly Twitter.Musk purchased the social media platform in 2022 for $44 billion thanks in part to funding provided by Fidelity. But according to  with the Securities and Exchange Commission, Fidelity now believes the company is worth 71.5% less than it was at the time Musk bought it.This isn't the first time the investment firm has slashed... + full article



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