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The social media platform X has lost 71% of its value since it was brought by Elon Musk, according to the mutual fund fidelity.
Fidelity, which owns a stake in X holdings, said in a disclosure obtained by Axios that it had marked down the value of it's shares by 71. 5% since Musk's purchase.
Musk acquired Twitter for $44bn in October 2022 and renamed the platform X in July 2023. Fidelity's estimate would place the value of X at about $12.5bn.
Source : pubity
