{"id":12795,"date":"2024-01-02T14:37:19","date_gmt":"2024-01-02T13:37:19","guid":{"rendered":"http:\/\/costops.com\/index.php\/2024\/01\/02\/value-of-x-has-fallen-71-since-purchase-by-musk-and-name-change-from-twitter\/"},"modified":"2024-01-02T14:37:19","modified_gmt":"2024-01-02T13:37:19","slug":"value-of-x-has-fallen-71-since-purchase-by-musk-and-name-change-from-twitter","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/01\/02\/value-of-x-has-fallen-71-since-purchase-by-musk-and-name-change-from-twitter\/","title":{"rendered":"Value of X has fallen 71% since purchase by Musk and name change from Twitter"},"content":{"rendered":"<p>Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios<\/p>\n<p>The social media platform X has lost 71% of its value since it was bought by <a href=\"https:\/\/www.theguardian.com\/technology\/elon-musk\">Elon Musk<\/a>, according to the mutual fund Fidelity.<\/p>\n<p>Fidelity, which owns a stake in X Holdings, said in a disclosure <a href=\"https:\/\/www.axios.com\/2023\/12\/31\/elon-musks-x-fidelity-valuation-cut?utm_campaign=editorial&amp;utm_medium=social&amp;utm_source=facebook\">obtained by Axios<\/a> that it had marked down the value of its shares by 71.5% since Musk\u2019s purchase.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2024\/jan\/02\/x-twitter-stock-falls-elon-musk\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/a6a238166469824ca50e6466b5d97e411174f48b\/0_383_7008_4205\/master\/7008.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=d8d7988375da2a46b7011ffd0e15b9e3\" title=\"Value of X has fallen 71% since purchase by Musk and name change from Twitter\" \/>Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios<br \/>\nThe social media platform X has lost 71% of its value since it was bought by Elon Musk, according to the mutual fund Fidelity.<br \/>\nFidelity, which owns a stake in X Holdings, said in a disclosure obtained by Axios that it had marked down the value of its shares by 71.5% since Musk\u2019s purchase. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mutual fund Fidelity, which owns stake in social media platform, marks down value of its shares in disclosure obtained by Axios The social media platform X has lost 71% of its value since it was bought by Elon Musk, according to the mutual fund Fidelity. Fidelity, which owns a stake in X Holdings, said in &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/01\/02\/value-of-x-has-fallen-71-since-purchase-by-musk-and-name-change-from-twitter\/\"> <span class=\"screen-reader-text\">Value of X has fallen 71% since purchase by Musk and name change from Twitter<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":12796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/12795"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=12795"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/12795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/12796"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=12795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=12795"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=12795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}