Fidelity Reduces X's Value by 79% Following Elon Musk's Acquisition

Monday, 30 September 2024, 22:23

Fidelity has drastically cut X's value by 79% since Musk's purchase. This significant decrease highlights concerns about the platform's future. Investors are now questioning the sustainability of X under Musk's leadership.
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Fidelity Reduces X's Value by 79% Following Elon Musk's Acquisition

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.


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