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Musk’s Twitter investors have lost billions in value

Under Musk, X’s valuation has cratered — as Musk has acknowledged — leaving it worth as little as half of what he paid.

Since late last year, Fidelity has consistently valued the X stake in one of its funds 70 percent below the purchase price, a drop in valuation first reported by Axios.

Figures released Friday show that Fidelity now values that stake about 72 percent lower than when Musk took over X, taking its overall portion of the company from a valuation of around $316 million to $88 million

https://www.washingtonpost.com/technology/2024/09/01/musk-twitter-investors-underwater/