Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.

By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).

    • dragontamer@lemmy.world
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      11 months ago

      I’m pretty sure he said “We dug our own grave with Cybertruck”, not Twitter.

      I think he said that “Earth will know Advertisers are to blame for Twitter’s downfall”, or something to that effect. You know, the more ridiculous quote.

      • pigup@lemmy.world
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        11 months ago

        That’s correct, I was harkening esteemed musk critic Thunderf00t, who purposely changes the quote depending on the specific subject of his videos.