Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios
The social media platform X has lost 71% of its value since it was bought by Elon Musk, according to the mutual fund Fidelity.
Fidelity, which owns a stake in X Holdings, said in a disclosure obtained by Axios that it had marked down the value of its shares by 71.5% since Musk’s purchase.
More Stories
Leading tax expert calls out ‘confected outrage’ of wealthy Australians over Labor’s $3m super plan
KFC plans to invest £1.5bn in UK and Ireland, creating thousands of jobs
Fight to stop Tesla project in South Australia to continue after council approval