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.

  • Shiggles
    4·
    3 months ago

    Somehow I’m not as confident they wouldn’t figure out a way to ignore just one more law

    • vaultdweller013
      1·
      3 months ago

      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
        21·
        3 months ago

        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.

        the fact he is South African would probably be enough to get him deported

        He’s got triple citizenship, one of which being American making him much harder to deport.

        Personally I’d love for him to fulfill his dream of dying on Mars, except without his “but not on impact” caveat, as soon as possible.