Elon Musk's X gets valuation cut by Fidelity

Fidelity has sharply reduced its valuation of Elon Musk's social media platform X, formerly Twitter. The 71.5% markdown comes over a year after Musk acquired the company for $44 billion in 2022. Yahoo Finance Tech Editor Dan Howley breaks down the details, providing insights into ongoing controversies that have played a part in the devaluation of the social media platform.


Reprinted from Yahoo Finance, all rights reserved by the original authors.