The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity. However, Fidelity ...

Ty Roush is a breaking news reporter based in New York City. Elon Musk’s X is worth a little more than one-fifth of the $44 billion he paid to acquire the social media platform formerly known as ...

The value of X, formerly Twitter, is now estimated to be less than a quarter of the $44 billion Elon Musk paid for it. The social media platform has suffered an advertiser and user exodus sparked by ...

Fidelity, which helped Elon Musk acquire the platform formerly known as Twitter in late 2022, announced that its stake in the company has fallen 72% in that time, according to an analysis by Bloomberg ...

Elon Musk's $44 billion Twitter buyout was seen by many as overpriced. But the social-media platform has helped give Musk close access to the Trump administration. Twitter, now X, has also been a ...

Investment giant Fidelity believes the shares it holds of X, the platform formerly known as Twitter, are worth 71.5% less than when Musk first purchased the social media company in October 2022, ...