Fidelity cuts value of X stake, implying 73% decline in former Twitter since Elon Musk's takeover
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fortune.com
Fidelity’s Blue Chip Growth Fund cut the value of its position in X by 5.7% in February, implying a 73% decline in the former Twitter Inc. since Elon Musk bought the social-media company.
Fidelity, which gained a stake in X by helping Musk complete his $44 billion purchase in October 2022, valued the position at $5.28 million as of Feb. 29, according to a report posted Saturday listing the fund’s holdings. A month earlier, the value was $5.6 million.
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He'd double down if you'd ask him.
Let's. Just to drive the point home to any remaining advertisers.
I hope he does