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.

Musk acquired Twitter for $44bn in October 2022 and renamed the platform X in July 2023. Fidelity’s estimate would place the value of X at about $12.5bn.

The number of monthly users of X dropped by 15% in the first year since Musk’s takeover amid concerns over a rise in hate speech on the platform.

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[–] -1 points 2 years ago (1 child)

... Are you intentionally being obtuse or something?

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  • [–] 2 points 2 years ago (2 children)

    …No. how exactly would you go about finding the average of every single possible sales price of an asset.

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  • [–] 2 points 2 years ago (1 child)
  • [–] -2 points 2 years ago (1 child)

    What’s the calculus equation for taking the average of every number?

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