X (Formerly Twitter) Value Drops 71%

03/01/2024 5 min

Listen "X (Formerly Twitter) Value Drops 71%"

Episode Synopsis

Fidelity has adjusted its valuation of shares in X Holdings, a company previously recognized as Twitter. This adjustment comes as part of the mutual fund giant's ongoing assessment of its investment, originally made when Elon Musk acquired the company for $44 billion.