Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
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The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.
X no longer trades publicly after Musk shelled out $44 billion to take it private in October 2022.
However, Fidelity discloses what it believes is the value of its shares of X, and those estimates serve as a closely watched barometer for the overall health of the company.
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Managing Partner at Comp Three Inc.
1 个月I don’t think profitability was the goal
Enforcement Officer at Mid and East Antrim Borough Council
1 个月Hate mob because he's a Trump supporter ??
Executive Chairman at Reeyow Limited | Expert in Corporate Finance and Strategic Leadership
1 个月People should look at it from the angle of the potential it has and not just from its current value. In the short term it might look like its losing money but in the long term X will be the most powerful social media platform in the world.I won't bet against Elon because one thing that i have come to learn is that he always proves his detractors wrong.
Director Of IT at DEV:GSD Software Solutions
1 个月He is doing a great job.
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1 个月I thin the CNN "The Media Generally, could do much, I would suggest to be also for solving World's Problems, helping the United Nation, make all the States respecting the UN *We haVE TO BUILD A PEACEFUL WORLD FOR THE NEWLY COMING GENERATION, NOT WELCOME THEM with a World of fighting & War here & there, but with a Peaceful World, Rich of Happiness & Loving/Helping Each Other!!! Hopefully CNN to do concretely building Peacxe in the World !