Fidelity Investments, a major asset management firm, that helped Musk acquire X, has significantly reduced the value of its stake, cutting the platform’s valuation to just $9.4 billion, a steep drop from Elon Musk’s initial $44 billion purchase price. This represents a sharp 78.7% reduction in value, reflecting growing concerns about X’s uncertain future and … Continue reading Fidelity Slashes X’s Valuation by 78.7%, Now Worth $9.4 Billion