Since Elon Musk acquired X, the value of Fidelity’s shares in Company X has dropped by 73%

Odaily News According to a report released on Saturday, the value of Company As of February 29, the funds position in Company X stock was $5.28 million, compared with $5.6 million a month ago. Since Elon Musk acquired X in 2022, the value of Fidelitys shares in Company X has shrunk by 73%. This could mean a similar reduction in Company Xs valuation. It is reported that Musk acquired Twitter for US$44 billion in October 2022 and changed its name to X. Fidelity was one of the investment groups that helped Musk acquire Twitter. (Bloomberg)