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by smegger001
479 days ago
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no, no it hasn't. https://www.axios.com/2023/12/31/elon-musks-x-fidelity-valua... "Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter. By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag). * This includes a 10.7% cut during November, during which time Musk told boycotting X advertisers to "go f*k yourself" during an on-stage interview with the New York Times. * In terms of publicly traded comps, Meta stock rose 4.9% in November while Snap shares climbed 38.2%." |
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