Tag: Vicki Bryan

FinTelegram Insights: The Spectacular Crash and Burn of Elon Musk’s Twitter, Now X Holdings!

People William - January 1, 2024

In what can only be described as a head-on collision with reality, Fidelity Investments has just delivered a staggering verdict on Elon Musk's X Holdings, the entity formerly known as Twitter. The financial behemoth, which once backed Musk's audacious $44 billion acquisition, now values X at a jaw-dropping 71.5% less than its purchase price. This isn't just a markdown; it's a nosedive, plunging through the end of November 2023.

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