Fidelity has cut its estimate of X’s value by 79% since Musk’s purchase.
Fidelity has cut its estimate of X’s value by 79% since Musk’s purchase
by BikkaZz
Fidelity has cut its estimate of X’s value by 79% since Musk’s purchase.
Fidelity has cut its estimate of X’s value by 79% since Musk’s purchase
by BikkaZz
3 comments
“Elon Musk’s X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.
This 78.7% markdown implies that Fidelity is currently valuing X at about $9.4 billion overall.
(TechCrunch’s assessment assumes that Fidelity’s investment in X was made at a $44 billion valuation. The acquisition was financed through a combination of equity and debt.)
Fidelity declined to comment. X didn’t respond to a request for comment.”
He doesn’t care. He bought it to further free speech. He has the money to do stuff like that
Didn’t he cut 79-80% of Staff too? I guess idotic CEO/CFOs will never learn this basic trick “People build great companies”