Fidelity Cuts X (Formerly Twitter) Valuation from $44billion to $9.4 Billion
Fidelity, a major asset management firm, has reduced the value of its investment in X (previously Twitter), now valuing the platform at $9.4 billion. This is a huge drop from Elon Musk’s original purchase price of $44 billion in 2022, with Fidelity’s stake down by 78.7% as of August. How Much Has the Investment Dropped?…