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Elon Musk’s X is worth a little more than one-fifth of the $44 billion he paid to acquire the social media platform formerly known as Twitter, according to Fidelity, the latest in a series of ...

When Elon Musk purchased Twitter in October 2022, he paid $44 billion for it. Since then, major overhauls to the social network, including rebranding it to X, have made waves across the platform, ...

Fidelity’s latest valuation of its stake in X implies that Elon Musk’s social network is worth about 71.5 percent less than when Musk bought the company in October 2022. Fidelity cut its valuation of ...