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Fortune
Fortune
Chris Morris

X sees its value drop more than 75% since Elon Musk's takeover

Photo of Elon Musk (Credit: Getty Images)

The value of X, formerly known as Twitter, continues to dwindle.

A newly released disclosure report from Fidelity’s Blue Chip Growth Fund, which has an equity stake in the social media company, has once again adjusted the value of that holding. And by Fidelity’s calculations, the site is now worth less than 25% of the $44 billion Musk paid for it.

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