Fidelity has cut its estimate of X's value by 79% since Musk's purchase | TechCrunch
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Elon Musk's X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.  The asset manager, Elon Musk's X is now valued at less than a quarter of its $44 billion purchase price, according to Fidelity.

Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.

The asset manager, which helped Musk acquire the social network formerly known as Twitter, now values its stake in X at approximately $4.19 million, based on newly released disclosures from Fidelity’s Blue Chip Growth Fund. The fund has reduced the value of its holding in X by a total of 78.7% as of August end.

    • vaultdweller013@sh.itjust.works
      1·
      3 小时前

      Pretty sure the states could refuse to have him on the ballot, which would fuck over his ability to do jack shit. Also never underestimate American xenophobia, the fact he is South African would probably be enough to get him deported if it went to say a jury.

      • Viking_Hippie@lemmy.world
        1·
        4 分钟前

        Pretty sure the states could refuse to have him on the ballot

        Like Colorado tried to when Trump was convicted of massive fraud?

        If the cult latches onto Musk after Trump croaks, the corrupt SCOTUS majority isn’t going to let pesky details like the constitution get in his way either.