Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value
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Fidelity's latest valuation of its stake in X implies that Elon Musk's social network is worth about 71.5 percent less than when Musk bought the company in October 2022.
Fidelity's Blue Chip Growth Fund has a relatively small stake in X. A monthly update for the fund listed the value of its "X Holdings Corp." stake at $5.6 million as of November 30, 2023. The fund's share of X was originally worth $19.7 million but lost about two-thirds of its value by April 2023 and has dropped more modestly since then.
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