Fidelity Reduces X's Value by 79% Following Elon Musk's Acquisition
Monday, 30 September 2024, 22:23
Fidelity’s Surprising Valuation Cut
This recent valuation reduction by Fidelity indicates a major shift in investor confidence regarding X.
Key Factors Behind the Decrease
- Market performance fluctuations
- Advertising revenue decline
- Platform changes under new management
Investor Reactions
Reactions from investors have ranged from shock to concern as they assess the future of the platform.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.