Elon Musk’s X Value Plummets by 73%

In February, Fidelity’s Blue Chip Growth Fund reduced the value of its holdings in X by 5.7%, leading to a substantial 73% decline since Elon Musk’s purchase of the social media company. Fidelity, who aided Musk in his $44 billion October 2022 acquisition of X, reported the position’s value at $5.28 million as of February 29. This marks a decrease from the previous month when the value was $5.6 million.

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